Claretian Teaching Ministry

Analysis

Claretian Teaching Ministry is a registered charity in United States, based in Temple City, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Claretian Teaching Ministry reported income of $61k and spending of $40k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $208k to $61k (-71%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claretian Teaching Ministry sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Greensburg Meals on Wheels Inc ($61k), Tau Chapter of Alpha Chi Sigma Inc ($61k) and Hiteon Parent Teachers Club ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 117% of the total. At year end it held assets of $72k against liabilities of $6,514, net assets of $66k.