Twin Oaks Mutual Housing Community

Analysis

Twin Oaks Mutual Housing Community is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1998, 28 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 December 2023, Twin Oaks Mutual Housing Community reported income of $2.2m and spending of $2.5m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+12%), an average of +2.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Twin Oaks Mutual Housing Community sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Neighborhood Housing and Development Corporation ($2.2m), Reclaim Round II Housing Development Fund Corporation ($2.2m) and Golden Opportunity Living Development ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $351k. At year end it held assets of $3.3m against liabilities of $159k, net assets of $3.2m. It reported 8 employees.