Terra Search Promise

Analysis

Terra Search Promise is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover public and societal benefit, 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 December 2023, Terra Search Promise reported income of $50k and spending of $44k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $51k to $50k (-1.7%), an average of -1.7% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terra Search Promise sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 18th percentile within VA. Charities of a similar size with the same main cause include Uc2b Community Foundation NFP ($50k), Educational Explorations ($50k) and To Be Heard Foundation Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $57k against liabilities of $70k, net assets of -$13k.