Terra Quest Inc

Analysis

Terra Quest Inc is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Terra Quest Inc reported income of $160k and spending of $211k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $160k (+5.6%), an average of +1.4% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Terra Quest Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Community Outreach Ministries Inc ($160k), Burlington Area Homeless Shelter ($160k) and River Park Apartments Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $19k. At year end it held assets of $1.4m against liabilities of $110k, net assets of $1.3m.

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.