St Therese of Deephaven Senior Living

Analysis

St Therese of Deephaven Senior Living is a registered charity in United States, based in Deephaven, MN. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Therese of Deephaven Senior Living reported income of $5.1m and spending of $5.3m, spending 103% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $3.8m to $5.1m (+35%), an average of +6.2% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Therese of Deephaven Senior Living sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Global Outreach Mission Inc ($5.1m), Near East Organization ($5.1m) and Dutch Sheets Ministries Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.4m. At year end it held assets of -$4.1m against liabilities of $0, net assets of -$4.1m.

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.