US Term Limits Foundation

Analysis

US Term Limits Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover science and technology, 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, US Term Limits Foundation reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $1.0m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 1113%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, US Term Limits Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include Utah Coalition Against Sexual Assault ($1.0m), Emerge Gallery Art Center ($1.0m) and Gardena Valley Japanese Cultural Institute ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $128k (12% of expenses). Other salaries and wages came to $381k. At year end it held assets of $733k against liabilities of $1.0m, net assets of -$273k.