Nova Singers

Analysis

Nova Singers is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 April 2024, Nova Singers reported income of $71k and spending of $82k, spending 116% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $87k to $71k (-18%), an average of -18% a year. The sharpest change came in the year to April 2024, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nova Singers sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include Foundation for Youth Development Inc ($71k), Bozeman Friends of Music Inc ($71k) and Friends of the Alexandria Community Mental Health Center Inc ($71k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 75% and program service revenue 24% of the total. At year end it held assets of $110k against liabilities of $379, net assets of $109k.