Enovant

Analysis

Enovant is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Enovant reported income of $52k and spending of $86k, spending 167% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $52k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enovant sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Rightfooted Foundation International ($52k), Town of Bath Cemetery Managementand Maintenance Incorporated ($52k) and Senior Futures Inc ($52k).

At year end it held assets of $453k against liabilities of $15k, net assets of $438k.