Terc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 11,509,937 | 13,122,939 | −1,613,002 | 16.1 | 52% |
| 2020 | 11,879,166 | 13,199,877 | −1,320,711 | 15.7 | 55% |
| 2021 | 13,653,170 | 13,466,095 | 187,075 | 17.0 | 54% |
| 2022 | 16,962,121 | 13,905,394 | 3,056,727 | 15.9 | 50% |
| 2023 | 14,924,955 | 16,332,619 | −1,407,664 | 13.1 | 46% |
In its most recent public year (2023), this organization spent $1,407,664 more than it brought in. Its reserves stood at about 13.1 months of spending, down from 16.1 in 2019. Staff pay was 46% of spending. $266,157 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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