Taeckens Terrace Nonprofit Christian Ministries

Analysis

Taeckens Terrace Nonprofit Christian Ministries is a registered charity in United States, based in Fenton, MI. It received its IRS tax-exemption ruling in June 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Taeckens Terrace Nonprofit Christian Ministries reported income of $589k and spending of $642k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $589k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Taeckens Terrace Nonprofit Christian Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Sarah Daisy Garden Courts Inc ($589k), Houston Chinese Senior Estate Inc ($589k) and Beulah Land Development Corporation Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 60% of the total. At year end it held assets of $3.0m against liabilities of $6.4m, net assets of -$3.3m.

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.