Terrebonne Economic Development Foundation

Analysis

Terrebonne Economic Development Foundation is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in March 1990, 36 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 2022, Terrebonne Economic Development Foundation reported income of $66k and spending of $158k, spending 238% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $502k to $66k (-87%), an average of -64% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terrebonne Economic Development Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within LA. Charities of a similar size with the same main cause include Alaska PTA ($66k), Measure for Measure - a Mens Choral Society ($66k) and Chicago Chambers Music Society ($66k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 62% of the total. At year end it held assets of $616k against liabilities of $0, net assets of $616k.