St Annes Terrace Inc

Analysis

St Annes Terrace Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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, St Annes Terrace Inc reported income of $4.2m and spending of $4.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $4.2m (-13%), an average of -3.5% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Annes Terrace Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Tri-Unity Christian School Association ($4.2m), Friends School Corporation ($4.2m) and RD 1 Werner Road Ltd ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $242k (5.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.0m against liabilities of $609k, net assets of $6.4m. It reported 81 employees.