St Theresas Inc

Analysis

St Theresas Inc is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in January 1995, 31 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 March 2024, St Theresas Inc reported income of $214k and spending of $229k, spending 107% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $192k to $214k (+11%), an average of +2.7% a year. The sharpest change came in the year to March 2024, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Theresas Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include 526 Park Street Inc ($214k), Wachusetts House Corp ($214k) and A Christian Response of Shelter and Service Inc ($214k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $20k. At year end it held assets of $585k against liabilities of $21k, net assets of $563k.

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.