Tern Inc

Analysis

Tern Inc is a registered charity in United States, based in Meansville, GA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tern Inc reported income of $58k and spending of $133k, spending 230% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $58k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tern Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within GA. Charities of a similar size with the same main cause include Lindsborg Community Health Care Foundation Inc ($58k), United Township Foundation ($58k) and Aviation Crime Prevention Institute Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $83k against liabilities of $13k, net assets of $70k.