Terra Nova Academy

Analysis

Terra Nova Academy is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Terra Nova Academy reported income of $133k and spending of $139k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $147k to $133k (-9.5%), an average of -9.5% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Terra Nova Academy sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within AL. Charities of a similar size with the same main cause include Don a Buckalew Elementary Parent Teacher Organization ($133k), Positive Program Services ($133k) and Parent Booster USA Inc ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,935 against liabilities of $0, net assets of $7,935.