Novato Foundation for Public Education

Analysis

Novato Foundation for Public Education is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in October 2003, 23 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 August 2023, Novato Foundation for Public Education reported income of $298k and spending of $237k, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $361k to $298k (-17%), an average of -4.7% a year. The sharpest change came in the year to August 2020, when income dropped by 41%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Novato Foundation for Public Education sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include American Public Transit Foundation ($298k), Science Teachers Association of New York State Inc ($298k) and Golden Apple Foundation of Rockford ($298k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $370k against liabilities of $160k, net assets of $210k.