Nonprofit screen
Screen a listTerc Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$14Mrevenue
FY2024 · +5% in 3 yrs102staff
7 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−13.4%
Months of reserve0.4mo
Revenue growth (annualized)+1.1%
Middle half of peersMedianTerc
Where the money goes FY2024 · $16M spent
Programs$12M76%Management and general$3.9M24%Fundraising$10k0%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$1.4M in FY2023 and −$1.9M in FY2024. Cash covers 0.4 months, under the peer median of 2.6.
990 Part I and balance sheetIn its favor3
Strong governance
9 of 9 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIFunders stay
5 of the 6 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant listsA history of government grants
Government grants on 7 of its 7 returns, 61% of revenue in FY2024. $66M is traced federal awards from National Science Foundation.
990 Part VIII · USAspending14funders
$654ka year, last 3 years
31%from its largest funder
Funder’17’18’19’20’21’22’23The Heising-Simons FoundationOn and off$157k$490k$584k$302kTrustees of Boston UniversitySince FY2018$10k$92k$35k$170k$227k$207kFidelity FoundationOn and off$375kTrustees of Tufts CollegeOn and off$177k$78k$39kJohn D and Catherine T Macarthur FoundationSince FY2022$126k$125kCarnegie Mellon UniversityStopped after FY2018$131k$8k–Donor-advised giftsDonors not disclosed$11k$74k$25k$120k$126k$138k$94k2 other fundersUp to $66k a year each$24k$83k$42k$12k$14k$8k
FundedThrough a donor-advised fundStopped