Concert Nova Inc

Analysis

Concert Nova Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Concert Nova Inc reported income of $104k and spending of $114k, spending 110% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $113k to $104k (-8.7%), an average of -8.7% a year. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concert Nova Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Tonto Community Concert Association ($104k), Sun Sounds Foundation ($104k) and Hanford Drama Booster Club ($104k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $109k against liabilities of $300, net assets of $108k.