Tucson Hebrew Home Realty

Analysis

Tucson Hebrew Home Realty is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in August 2021, 5 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, Tucson Hebrew Home Realty reported income of $1.8m and spending of $2.5m, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.5m to $1.8m (+18%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tucson Hebrew Home Realty sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Bayside Housing & Services ($1.8m), Ken-Ton Presbyterian Village Housing Development Fund Co Inc ($1.8m) and Kenai Peninsula Housing Initiatives Incorporated ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. At year end it held assets of $11.5m against liabilities of $13.1m, net assets of -$1.6m.

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.