Saint Therese

Analysis

Saint Therese is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Saint Therese reported income of $6.1m and spending of $11.2m, spending 183% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.6m to $6.1m (-87%), an average of -40% a year. The sharpest change came in the year to June 2022, when income rose by 127%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saint Therese sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Community Foundation for Northeast Michigan ($6.1m), Orphans in Need USA Inc ($6.1m) and Jack Goldstein Charitable Trust ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.1m (10% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $14.3m against liabilities of $2.0m, net assets of $12.3m. It reported 42 employees.