Nova Center Inc

Analysis

Nova Center Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nova Center Inc reported income of $7.9m and spending of $5.8m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $7.9m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nova Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Vadis ($7.9m), Equal Heart ($7.9m) and Olmsted Health and Services Corporation ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $162k (2.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $12.3m against liabilities of $139k, net assets of $12.2m. It reported 127 employees.