Tennessee Housing Development Corporation

Analysis

Tennessee Housing Development Corporation is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Tennessee Housing Development Corporation reported income of $518k and spending of $33k, leaving 94% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $19k to $518k (+2581%), an average of +93% a year. The sharpest change came in the year to December 2022, when income rose by 10602%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tennessee Housing Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Lydias House Inc ($517k), Trinity Woods Inc ($518k) and Candlewood Community Housing of Thurston County ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 1.9% of the total. At year end it held assets of $9.8m against liabilities of $450k, net assets of $9.3m.