Teralta Art

Analysis

Teralta Art is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Teralta Art reported income of $116k and spending of $113k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $116k (+7.9%), an average of +7.9% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teralta Art sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Bremen Textile and Railroad Musuem Inc ($116k), Pioneer City County Museum ($116k) and Dougherty Valley High School DVHS Music Boosters ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $47k against liabilities of $339, net assets of $47k.