Casa Teresa Inc

Analysis

Casa Teresa Inc is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in April 1990, 36 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 June 2023, Casa Teresa Inc reported income of $3.2m and spending of $3.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.2m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Casa Teresa Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Open Door Preschools ($3.2m), No More Empty Pots ($3.2m) and Houston Police Foundation ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $217k (6.9% of expenses). Other salaries and wages came to $1.4m. It paid $70k in professional fundraising fees. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $4.9m. It reported 38 employees.