Timber Hills Housing of Tippah County Inc

Analysis

Timber Hills Housing of Tippah County Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Timber Hills Housing of Tippah County Inc reported income of $140k and spending of $174k, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $102k to $140k (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Timber Hills Housing of Tippah County Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within MS. Charities of a similar size with the same main cause include Heritage Place of Indianapolis Inc ($140k), Scarc Housing Inc ($140k) and Network Housing 2005 Inc ($140k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $352k against liabilities of $1.2m, net assets of -$817k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.