Dova Inc

Analysis

Dova Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dova Inc reported income of $426k and spending of $507k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $558k to $426k (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dova Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Southwestern Social Science Association ($425k), Louisville Youth Orchestra ($426k) and Lowells Maritime Foundation Dba Lowells Boat Shop ($425k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $142k (28% of expenses). Other salaries and wages came to $153k. At year end it held assets of $144k against liabilities of $20k, net assets of $124k. It reported 14 employees.