Terner Housing Innovation Labs Inc

Analysis

Terner Housing Innovation Labs Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2020, 6 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, Terner Housing Innovation Labs Inc reported income of $3.3m and spending of $1.8m, leaving 45% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $425k to $3.3m (+684%), an average of +180% a year. The sharpest change came in the year to June 2022, when income rose by 300%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Terner Housing Innovation Labs Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include United Mobile Home Owners Association of Fairfield Inc ($3.3m), Neighborhood Housing Services of Southern Nevada Inc ($3.3m) and Management Services Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $163k (8.9% of expenses). Other salaries and wages came to $377k. At year end it held assets of $3.8m against liabilities of $220k, net assets of $3.6m. It reported 7 employees.