Terrell Industries Inc

Analysis

Terrell Industries Inc is a registered charity in United States, based in Hartselle, AL. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Terrell Industries Inc reported income of $585k and spending of $494k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $585k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terrell Industries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include Montessori School of Pullman ($585k), Cove City Ems Inc ($585k) and Birmingham Bloomfield Atlantis ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Other salaries and wages came to $350k. At year end it held assets of $417k against liabilities of $1,729, net assets of $415k. It reported 30 employees.