Thelma Arms Inc Royal Adah Arms

Analysis

Thelma Arms Inc Royal Adah Arms is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1972, 54 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, Thelma Arms Inc Royal Adah Arms reported income of $5.0m and spending of $6.1m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $5.0m (+150%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thelma Arms Inc Royal Adah Arms sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($5.0m), Hawaiian Community Assets Inc ($5.0m) and Eden Vacaville Housing Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 16% of the total. Other salaries and wages came to $814k. At year end it held assets of $54.2m against liabilities of $49.0m, net assets of $5.2m.