Charity Search / TERRA FOUNDATION FOR AMERICAN ART
Philanthropy & Grantmaking (T23) 990 on File

TERRA FOUNDATION FOR AMERICAN ART

EIN: 36-2999442 · CHICAGO, IL 60611-3154 · United States · FY 2023 Data
3 out of 5 41 / 100 Based on 2+ years of filings
Financial strength (30%) 57/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$449K
Total Revenue
$19.5M
Total Expenses
$564.5M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 112.0%
Fundraising Efficiency N/A
Operating Reserve 346.65x
Liability-to-Asset 3.3%
Revenue Diversification 717.4%
Executive Compensation $1.3M
Compared with Peers
FY 2023
Compared with 1,312 similar organizations (United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
112.0% 92.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
346.7 mo 71.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
3.3% 2.3%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
717.4% 89.9%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-99.5% 1.0%
P10P90
Expense growth
Year over year expense growth
-27.8% 10.7%
P10P90
Surplus margin
Surplus as a share of revenue
-4251.6% -0.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $449K $19.5M $564.5M 112.0% —
2022 $96.8M $27.1M $543.6M 71.3% —
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Organization Details
EIN
36-2999442
State
IL
City
CHICAGO
ZIP
60611-3154
Classification
T23
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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