Tennessee Homeless Solutions

Analysis

Tennessee Homeless Solutions is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in October 2007, 19 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 June 2023, Tennessee Homeless Solutions reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $872k to $1.8m (+106%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 97%. 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, Tennessee Homeless Solutions sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.8m), Winchester Union Rescue Mission Inc ($1.8m) and Lester and Rosalie Anixter Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $68k (3.8% of expenses). Other salaries and wages came to $593k. At year end it held assets of $217k against liabilities of $37k, net assets of $180k. It reported 30 employees.