Novato Community Inc

Analysis

Novato Community Inc is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Novato Community Inc reported income of $112k and spending of $120k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $104k to $112k (+7.8%), an average of +7.8% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Novato Community Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include A Call to Arms Ministry Inc ($112k), Mad River Valley Interfaith Council Inc ($112k) and Technology for Families in Need ($112k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. At year end it held assets of $73k against liabilities of $3,150, net assets of $69k.