Thistle Community Housing

Analysis

Thistle Community Housing is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in July 1987, 39 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, Thistle Community Housing reported income of $4.2m and spending of $4.6m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.9m to $4.2m (-14%), an average of -3.8% a year. The sharpest change came in the year to September 2020, when income rose by 162%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thistle Community Housing sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Care Corps Inc ($4.2m), American Village Communities Inc ($4.2m) and Community Action Region VI ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 26% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $46.1m against liabilities of $13.6m, net assets of $32.5m. It reported 56 employees.