Terra Nova School

Analysis

Terra Nova School is a registered charity in United States, based in Buffalo, MN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Terra Nova School reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.9m to $2.0m (+7.6%), an average of +2.5% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Terra Nova School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Front Range Community College Foundation for Educ Excellence ($2.0m), Kirby Hall School ($2.0m) and Archie Bray Foundation ($2.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $999k against liabilities of $293k, net assets of $705k. It reported 21 employees.