Teche Action Board Inc

Analysis

Teche Action Board Inc is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Teche Action Board Inc reported income of $25.0m and spending of $26.2m, spending 105% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $19.6m to $25.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to May 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teche Action Board 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 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Occk Inc ($25.0m), Valley AIDS Council ($25.0m) and St Aloisius Hospital Inc ($25.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 42% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $1.7m (6.3% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $25.9m against liabilities of $5.0m, net assets of $20.9m. It reported 312 employees.