Terracycle Global Foundation Inc

Analysis

Terracycle Global Foundation Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Terracycle Global Foundation Inc reported income of $490k and spending of $253k, leaving 48% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $250k to $490k (+96%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Terracycle Global Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Charity Works Inc ($489k), Woodcreek Outreach Rehabilitation Development ($490k) and Sutphin Boulevard District Management Association Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 26% of the total. At year end it held assets of $602k against liabilities of $352, net assets of $602k.