True North Housing Alliance Inc

Analysis

True North Housing Alliance Inc is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, True North Housing Alliance Inc reported income of $3.6m and spending of $2.8m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $3.6m (+158%), an average of +27% a year. The sharpest change came in the year to September 2020, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, True North Housing Alliance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Collaborative Solutions Inc ($3.6m), Massachusetts Affordable Housing Alliance Inc ($3.6m) and Visions for Creative Housing Solutions ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $76k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.5m against liabilities of $1.5m, net assets of $2.0m. It reported 45 employees.