Terraset

Analysis

Terraset is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Terraset reported income of $995k and spending of $523k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $995k (+543%), an average of +543% a year. The sharpest change came in the year to December 2023, when income rose by 543%. Over the whole period it spent 50% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Terraset sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Colores United ($995k), Bike Newport ($995k) and Alliance to Protect Nantucket Sound Inc ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (30% of expenses). At year end it held assets of $569k against liabilities of $0, net assets of $569k. It reported 1 employees.