Terma Foundation

Analysis

Terma Foundation is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Terma Foundation reported income of $65k and spending of $178k, spending 275% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $65k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 136% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Terma Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Philippine-American Medical Mission of Metropolitan Washington DC Inc ($65k), Mathrubhumi ($65k) and Circuit Riders Ministries ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $32k against liabilities of $14k, net assets of $18k.