Rebuilding Together Thurston County

Analysis

Rebuilding Together Thurston County is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in April 2006, 20 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, Rebuilding Together Thurston County reported income of $962k and spending of $965k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $339k to $962k (+184%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rebuilding Together Thurston County sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Lawndale Senior Housing Inc ($962k), Milltwee Housing Development Fund Company Inc ($962k) and Hope Fair Housing Center ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $25k. At year end it held assets of $34k against liabilities of $17k, net assets of $17k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.