Nova Workforce Institute of Northeast Louisiana Inc

Analysis

Nova Workforce Institute of Northeast Louisiana Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nova Workforce Institute of Northeast Louisiana Inc reported income of $619k and spending of $681k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $619k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nova Workforce Institute of Northeast Louisiana Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Miami Jewish Montessori Inc ($619k), Norwood Public School Parent Teacher Organization Inc ($619k) and Warren-Forest Higher Education Council Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $287k. At year end it held assets of $289k against liabilities of $159k, net assets of $130k. It reported 10 employees.