St Teresa Ministries Inc

Analysis

St Teresa Ministries Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Teresa Ministries Inc reported income of $1.3m and spending of $977k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $599k to $1.3m (+109%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Teresa Ministries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Kids Forward Inc ($1.3m), Target Dayton Ministries Inc ($1.3m) and Foundation of Community Assistance and Leadership Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% of the total. Other salaries and wages came to $428k. At year end it held assets of $1.7m against liabilities of $11k, net assets of $1.7m. It reported 32 employees.