Tri-County Housing Inc

Analysis

Tri-County Housing Inc is a registered charity in United States, based in Fowler, CO. It received its IRS tax-exemption ruling in December 1995, 31 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, Tri-County Housing Inc reported income of $16.8m and spending of $16.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $905k to $16.8m (+1756%), an average of +108% a year. The sharpest change came in the year to December 2020, when income rose by 255%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tri-County Housing Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Eastern Carolina Homelessness Organization Inc ($16.8m), Alliance Health of Southeastern Massachusetts Inc ($16.9m) and Taylor Community Development Corp ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $119k (0.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $15.5m against liabilities of $5.8m, net assets of $9.7m. It reported 73 employees.