St Theresa House Inc

Analysis

St Theresa House Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in January 2004, 22 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 September 2023, St Theresa House Inc reported income of $323k and spending of $516k, spending 160% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $311k to $323k (+4.1%), an average of +1.0% a year. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Theresa House Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Lorenzo Farm Housing Association Inc ($323k), Full Life Foundation ($323k) and Steger II Housing Development Fund Company Inc ($323k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $100k. At year end it held assets of $2.9m against liabilities of $5.4m, net assets of -$2.4m.

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.