Teresa Gardens Inc

Analysis

Teresa Gardens Inc is a registered charity in United States, based in Crossville, TN. It received its IRS tax-exemption ruling in June 2007, 19 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 2023, Teresa Gardens Inc reported income of $56k and spending of $90k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $56k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Teresa Gardens Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include The Playground Affordable Housing Corporation ($56k), Hope Ministry Project Inc ($56k) and Evergreen Mutual Housing Association ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $9,124. At year end it held assets of $681k against liabilities of $20k, net assets of $661k.

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.