Nova Ukraine

Analysis

Nova Ukraine is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Ukraine reported income of $31.4m and spending of $33.9m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $363k to $31.4m (+8546%), an average of +342% a year. The sharpest change came in the year to December 2022, when income rose by 20469%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nova Ukraine sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Seiu Education & Support Fund ($31.1m), German Marshall Fund of the US ($31.5m) and Center for Victims of Torture ($31.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $114k. It paid $555 in professional fundraising fees. At year end it held assets of $16.8m against liabilities of $148k, net assets of $16.7m. It reported 1 employees.