Terrebonne Foundation for Academic Excellence in Public Education

Analysis

Terrebonne Foundation for Academic Excellence in Public Education is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Terrebonne Foundation for Academic Excellence in Public Education reported income of $158k and spending of $221k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $158k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Terrebonne Foundation for Academic Excellence in Public Education sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within LA. Charities of a similar size with the same main cause include The Champions Fund Inc ($158k), International College of Dentists Global Visionary Fund ($158k) and Sertoma Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $56k (25% of expenses). At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m. It reported 1 employees.