Teen Challenge of Saginaw Inc

Analysis

Teen Challenge of Saginaw Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in August 1974, 52 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 December 2023, Teen Challenge of Saginaw Inc reported income of $395k and spending of $359k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $395k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teen Challenge of Saginaw Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($395k), Morehouse College National Alumni Association ($395k) and LA Feliz Guild of the Valley Child- Rens Hosp & Guidance Clinic Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $63k (18% of expenses). Other salaries and wages came to $123k. At year end it held assets of $650k against liabilities of $0, net assets of $650k. It reported 6 employees.