Mother Teresa Villa Inc

Analysis

Mother Teresa Villa Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2012, 14 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, Mother Teresa Villa Inc reported income of $133k and spending of $173k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $133k (+34%), an average of +7.5% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mother Teresa Villa Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include MP Housing Inc ($133k), Belmont Commons Inc ($133k) and South 7 Senior Housing ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. At year end it held assets of $2.1m against liabilities of $2.3m, net assets of -$295k.

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.