Terra Nova Aquatics

Analysis

Terra Nova Aquatics is a registered charity in United States, based in Pacifica, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Terra Nova Aquatics reported income of $51k and spending of $54k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $51k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Terra Nova Aquatics sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Diversify Whitewater ($51k), United States Ju-Jitsu Federation ($51k) and Turbotville Community Hall Corporation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $7,777 against liabilities of $1,175, net assets of $6,602.