Teak Fellowship Inc

Analysis

Teak Fellowship Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Teak Fellowship Inc reported income of $6.1m and spending of $4.5m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $6.1m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Teak Fellowship Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Growing Place ($6.1m), Families Free Inc ($6.1m) and Divined Company ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $334k (7.5% of expenses). Other salaries and wages came to $2.0m. It paid $160k in professional fundraising fees. At year end it held assets of $21.3m against liabilities of $2.1m, net assets of $19.2m. It reported 66 employees.