Nova-Mba

Analysis

Nova-Mba is a registered charity in United States, based in Greendale, WI. It received its IRS tax-exemption ruling in October 2004, 22 years ago. 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, Nova-Mba reported income of $56k and spending of $52k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $56k (+181%), an average of +181% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nova-Mba 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 22nd percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include International Consciousness Research Labortories Inc ($56k), Foster County Historical Society Inc ($56k) and Cabarrus 4-H Foundation Inc ($56k).

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 $77k against liabilities of $0, net assets of $77k.