Teresian House Foundation Inc

Analysis

Teresian House Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Teresian House Foundation Inc reported income of $319k and spending of $324k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $751k to $319k (-58%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teresian House Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Intercultural Center for Health Research and Wellness Inc ($319k), Assistance League of Downey ($319k) and Foundation for Hearing & Speech Rehabilitation ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $147k. At year end it held assets of $2.1m against liabilities of $266k, net assets of $1.9m.

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.