Novation Education Opportunities

Analysis

Novation Education Opportunities is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Novation Education Opportunities reported income of $529k and spending of $532k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $453k to $529k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Novation Education Opportunities sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Anchorage Classical Ballet Academy ($529k), Good Shepherd Academy ($529k) and Texas Association of Developing Colleges ($529k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $126k (24% of expenses). Other salaries and wages came to $118k. At year end it held assets of $379k against liabilities of $39k, net assets of $340k. It reported 3 employees.