T E R I Inc

Analysis

T E R I Inc is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, T E R I Inc reported income of $28.9m and spending of $23.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.5m to $28.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, T E R I Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Voice of God Recordings Inc ($28.8m), Corporate Chaplains of America Inc ($29.1m) and Liberty Educational Ministries Inc ($28.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $710k (3.0% of expenses). Other salaries and wages came to $13.4m. It paid $129k in professional fundraising fees. At year end it held assets of $39.3m against liabilities of $7.4m, net assets of $31.9m. It reported 504 employees.