Tacoma Housing Development Group

Analysis

Tacoma Housing Development Group is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tacoma Housing Development Group reported income of $496k and spending of $963k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $496k (+311%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 391%. Over the whole period it spent 318% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tacoma Housing Development Group sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Todco-Ybc4 ($496k), Judson Terrace Lodge ($497k) and Coeur D Alene Homes Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 5.0% of the total. At year end it held assets of $13.9m against liabilities of $338k, net assets of $13.6m.

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.