Tel Hai Development Inc

Analysis

Tel Hai Development Inc is a registered charity in United States, based in Honey Brook, PA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Tel Hai Development Inc reported income of $1.0m and spending of $266k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $581k to $1.0m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tel Hai Development Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Afghan Cultural Society ($1.0m), Melting Pot Foundation USA Inc ($1.0m) and Coming Home of Middlesex County ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $33k (12% of expenses). Other salaries and wages came to $64k. At year end it held assets of $11.0m against liabilities of $6,306, net assets of $11.0m. It reported 3 employees.