Temenos Community Development Corpo Ration

Analysis

Temenos Community Development Corpo Ration is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2006, 20 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 December 2022, Temenos Community Development Corpo Ration reported income of $2.1m and spending of $2.5m, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.8m to $2.1m (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 359%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Temenos Community Development Corpo Ration sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Valley Village ($2.1m), Cold Climate Housing Research Center ($2.1m) and National Housing Conference Inc ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $144k (5.8% of expenses). At year end it held assets of $5.3m against liabilities of $2.2m, net assets of $3.1m. It reported 42 employees.