Terreform One Corp

Analysis

Terreform One Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Terreform One Corp reported income of $214k and spending of $735k, spending 343% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $406k to $214k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 243%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Terreform One Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include True North Family Foundation ($214k), Midland School PTO ($214k) and Literacy Volunteers of Ontario-Yates Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $36k (4.9% of expenses). At year end it held assets of $220k against liabilities of $188k, net assets of $33k.