Timber Hills Housing of Tishomingo County Inc

Analysis

Timber Hills Housing of Tishomingo County Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in August 2002, 24 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 September 2023, Timber Hills Housing of Tishomingo County Inc reported income of $104k and spending of $144k, spending 138% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $77k to $104k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Timber Hills Housing of Tishomingo County Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MS. Charities of a similar size with the same main cause include Baptist Home for the Aged ($104k), Concerned Citizens Incorporated ($104k) and Sage Housing Inc ($104k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $410k against liabilities of $1.1m, net assets of -$740k. It reported 1 employees.

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.