Terracorps Inc

Analysis

Terracorps Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 August 2023, Terracorps Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2020, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Terracorps Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Reef Check Foundation ($1.4m), Fuse Innovation Fund ($1.4m) and The Center for Energy Education ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $933k. At year end it held assets of $900k against liabilities of $736k, net assets of $164k. It reported 96 employees.