Tetelestai House Inc

Analysis

Tetelestai House Inc is a registered charity in United States, based in Omaha, AR. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tetelestai House Inc reported income of $119k and spending of $126k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $218k to $119k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tetelestai House Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within AR. Charities of a similar size with the same main cause include BG Social Learning Center ($119k), 1040 Initiative ($119k) and Focus Therapy Services Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $35k (28% of expenses). Other salaries and wages came to $26k. At year end it held assets of $277k against liabilities of $3,685, net assets of $274k. It reported 2 employees.