Terra Marine Research & Education Inc

Analysis

Terra Marine Research & Education Inc is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in July 1992, 34 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, Terra Marine Research & Education Inc reported income of $73k and spending of $127k, spending 172% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $239k to $73k (-69%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terra Marine Research & Education Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Kelleys Island Historical Associati on Incorporated ($73k), PTA Texas Congress ($73k) and Vietnam Veterans of Indian River County Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.