Villas at Saint Therese Inc

Analysis

Villas at Saint Therese Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Villas at Saint Therese Inc reported income of $3.9m and spending of $4.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.9m (-3.1%), an average of -0.8% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Villas at Saint Therese Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Suny New Paltz Foundation Inc ($3.9m), Vtip Inc ($3.9m) and San Jose Christian School ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $12.3m against liabilities of $14.2m, net assets of -$1.9m. It reported 49 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.