Navatman Inc

Analysis

Navatman Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2017, 9 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 December 2023, Navatman Inc reported income of $484k and spending of $485k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $484k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Navatman Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Ananya Dance Theatre ($484k), Flint Hills Discovery Center Foundation ($485k) and Hub City Writers Project ($484k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $33k against liabilities of $128k, net assets of -$95k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.