Nova New Opportunities

Analysis

Nova New Opportunities is a registered charity in England and Wales, based in London. It was registered in August 2014, 12 years ago. Its declared purposes cover education/training, the prevention or relief of poverty, economic/community development/employment and human rights/religious or racial harmony/equality or diversity, which this site groups under poverty relief. Legally it is a charitable incorporated organisation (CIO). It says it provides services, provides advocacy/advice/information and other charitable activities.

In the financial year ending March 2025, Nova New Opportunities reported income of £725k and spending of £802k, spending 111% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £593k to £725k (+22%), an average of +5.1% a year. The sharpest change came in the year to March 2024, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Nova New Opportunities sits at the 91st percentile: it is larger than about 91% of them. Against every charity in England and Wales with reported income it ranks in the 92nd percentile. Charities of a similar size with the same main cause include North Hertfordshire and District Citizens Advice Bureau (£725k), Luton Citizens Advice Bureau (£726k) and Legacy East Almshouse Partnership (£724k).

In its latest detailed accounts, income came from charitable activities 93%, donations and legacies 3.7% and trading 3.0%. Charitable activities took 96% of spending and raising funds 3.3%. Reserves of £44k would cover about 1 months of spending at that rate. It employed 15 people.