Vita Nova Foundation Inc

Analysis

Vita Nova Foundation Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vita Nova Foundation Inc reported income of $161k and spending of $27k, leaving 83% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $168k to $161k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to September 2022, when income rose by 24%. Over the whole period it spent 208% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vita Nova Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Family Promise of Burlington County Inc ($161k), Project Support Housing II ($161k) and Alameda Gardens Inc ($161k).

At year end it held assets of $5.2m against liabilities of $3,259, net assets of $5.2m.