Terrafina International

Analysis

Terrafina International is a registered charity in United States, based in Myerstown, PA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Terrafina International reported income of $1.5m and spending of $1.2m, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $982k to $1.5m (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Terrafina International sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Kids Matter Inc ($1.5m), North Brooklyn Development Corporation ($1.5m) and Cambridge Community Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $714k. At year end it held assets of $537k against liabilities of $21k, net assets of $517k.