Tri-Cities Terrace I

Analysis

Tri-Cities Terrace I is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 2001, 25 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 2024, Tri-Cities Terrace I reported income of $380k and spending of $500k, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $275k to $380k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 235%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tri-Cities Terrace I sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include East Lake Housing Corporation ($380k), Lodge at Hover Crossing ($380k) and Holie III Inc ($380k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $3.0m against liabilities of $4.4m, net assets of -$1.4m.