Saint Therese Communities

Analysis

Saint Therese Communities is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in July 2007, 19 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Therese Communities reported income of $49.1m and spending of $45.7m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $46.8m to $49.1m (+4.9%), an average of +1.6% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Therese Communities sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Julia Dyckman Andrus Memorial Inc ($49.0m), Salt Lake Community Action Program ($49.1m) and Pennsylvania Interest on Lawyer Trust Account Board ($49.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 84% of the total. Other salaries and wages came to $18.4m. At year end it held assets of $119.1m against liabilities of $102.1m, net assets of $17.0m. It reported 794 employees.