Terra Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 403,619 | 256,358 | 147,261 | 6.9 | 14% |
| 2016 | 4,377,356 | 4,382,639 | −5,283 | 0.0 | 42% |
| 2017 | 5,021,809 | 4,507,374 | 514,435 | 1.4 | 48% |
| 2018 | 4,810,561 | 4,218,817 | 591,744 | 3.2 | 51% |
| 2019 | 5,168,053 | 4,774,469 | 393,584 | 3.8 | 53% |
| 2020 | 5,336,850 | 5,046,867 | 289,983 | 4.3 | 55% |
| 2021 | 6,002,413 | 5,567,344 | 435,069 | 4.8 | 55% |
| 2022 | 6,596,587 | 6,278,893 | 317,694 | 4.6 | 53% |
| 2023 | 6,651,354 | 6,108,906 | 542,448 | 5.8 | 55% |
In its most recent public year (2023), this organization brought in $542,448 more than it spent. Its reserves stood at about 5.8 months of spending, down from 6.9 in 2015. Staff pay was 55% of spending. $631,580 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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