Tehillim46

Analysis

Tehillim46 is a registered charity in United States, based in Canton, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tehillim46 reported income of $91k and spending of $93k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $89k to $91k (+1.9%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tehillim46 sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Triple M Ministries Inc ($91k), St Vincent de Paul Store Greensburg Society of St Vincent de Paul ($91k) and Hungry Hearts Feeding Ministry Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (40% of expenses). Other salaries and wages came to $9,258. At year end it held assets of $19k against liabilities of $1,607, net assets of $18k. It reported 2 employees.

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.