Thanksgiving Homes

Analysis

Thanksgiving Homes is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Thanksgiving Homes reported income of $362k and spending of $391k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $21k to $362k (+1623%), an average of +104% a year. The sharpest change came in the year to September 2020, when income rose by 381%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thanksgiving Homes sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Bnai Brith Wiregrass Senior Housing Inc ($362k), Three Oaks Circle Inc ($362k) and Lutheran Social Services of Central Ohio Groveport Housing Inc ($362k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $8,856. At year end it held assets of $2.5m against liabilities of $2.7m, net assets of -$254k.