Teresa Charities Inc

Analysis

Teresa Charities Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Teresa Charities Inc reported income of $271k and spending of $315k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $309k to $271k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Teresa Charities Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within OR. Charities of a similar size with the same main cause include Imana Kids ($271k), Covenant Pathways ($271k) and Lev with Love Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.0% of the total. Other salaries and wages came to $5,409. At year end it held assets of $361k against liabilities of $0, net assets of $361k. It reported 1 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.