The Novim Group

Analysis

The Novim Group is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover science and technology, 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 December 2022, The Novim Group reported income of $100k and spending of $86k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $253k to $100k (-61%), an average of -27% a year. The sharpest change came in the year to December 2022, when income rose by 521%. Over the whole period it spent 167% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Novim Group sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 32nd percentile within WA. Charities of a similar size with the same main cause include Filmprojects ($100k), Independent Laboratories Institute ($100k) and Hispanic Theaters and Producers Association of Florida Inc ($100k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $489k, net assets of -$464k.