Tanasi Housing Development Corporation

Analysis

Tanasi Housing Development Corporation is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in July 2017, 9 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, Tanasi Housing Development Corporation reported income of $110k and spending of $10k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $7,570 to $110k (+1354%), an average of +95% a year. The sharpest change came in the year to June 2022, when income rose by 61681%. Over the whole period it spent 1.6% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tanasi Housing Development Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Compass for Hope Inc ($110k), Rosebud Grove Inc ($110k) and Fern Markwell Senior Housing Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 75% of the total. At year end it held assets of $2.0m against liabilities of $1,946, net assets of $2.0m.