Santa Teresita Inc

Analysis

Santa Teresita Inc is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in March 1946, 80 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 July 2023, Santa Teresita Inc reported income of $5.8m and spending of $9.6m, spending 165% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $22.6m to $5.8m (-74%), an average of -29% a year. The sharpest change came in the year to July 2021, when income dropped by 57%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Teresita Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Fairfax Education Association Retirement Housing Corporation ($5.8m), Elderly United of Springfield and Clark County Ohio Inc ($5.8m) and Clatsop Community Action ($5.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 71% and program service revenue 81% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $26.6m against liabilities of $589k, net assets of $26.0m. It reported 160 employees.