Tanner Terrace Inc

Analysis

Tanner Terrace Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1978, 48 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 September 2023, Tanner Terrace Inc reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.5m (+80%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tanner Terrace Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include American College of Toxicology ($2.5m), Leadership Education for Asian Pacific Inc ($2.5m) and Wasco Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 62% of the total. Other salaries and wages came to $317k. At year end it held assets of $1.5m against liabilities of $2.0m, net assets of -$506k. It reported 7 employees.