Terros Inc

Analysis

Terros Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Terros Inc reported income of $95.8m and spending of $92.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $74.4m to $95.8m (+29%), an average of +6.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terros Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include St Louis Municipal Finance Corporation ($95.6m), Marys Center for Maternal and Child Care Inc ($96.0m) and Baltimore Medical System Inc ($95.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.8m (1.9% of expenses). Other salaries and wages came to $50.4m. At year end it held assets of $62.0m against liabilities of $32.6m, net assets of $29.4m. It reported 1,200 employees.