Tertulia Inc

Analysis

Tertulia Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Tertulia Inc reported income of $210k and spending of $235k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $312k to $210k (-33%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tertulia Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include NPC Association ($210k), New Hampshire Theatre Project ($210k) and Southern Aroostook Agricultural Museum ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $39k (17% of expenses). At year end it held assets of $105k against liabilities of $0, net assets of $105k.