Teresa House Inc

Analysis

Teresa House Inc is a registered charity in United States, based in Geneseo, NY. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Teresa House Inc reported income of $232k and spending of $330k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $239k to $232k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teresa House Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Paks Developmental Services Inc ($232k), Spotsyvania Volunteer Resue Squad Inc ($232k) and Iraq Star Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $70k (21% of expenses). Other salaries and wages came to $170k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 17 employees.