Terra College Foundation

Analysis

Terra College Foundation is a registered charity in United States, based in Fremont, OH. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Terra College Foundation reported income of $864k and spending of $563k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $289k to $864k (+199%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 479%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terra College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Koloa Early School ($864k), Mullein Hill Christian Academy Inc ($864k) and National Church Residences ($864k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $6.9m against liabilities of $78k, net assets of $6.8m.