Nova Academy Childrens Foundation Inc

Analysis

Nova Academy Childrens Foundation Inc is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nova Academy Childrens Foundation Inc reported income of $885k and spending of $359k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $124k to $885k (+611%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 256%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nova Academy Childrens Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Winchester Scholarship Foundation ($885k), Kingspoint Christian School ($885k) and The Reading Foundation ($885k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $132k. At year end it held assets of $17.1m against liabilities of $16.2m, net assets of $829k. It reported 2 employees.