Vita Nova Inc

Analysis

Vita Nova Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Vita Nova Inc reported income of $4.1m and spending of $3.5m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $4.1m (+69%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vita Nova Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Commonworks Youth Services ($4.1m), Cheyenne County Village Inc ($4.1m) and Mercer Residential Services Inc ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $352k (9.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.1m against liabilities of $1.0m, net assets of $5.1m. It reported 41 employees.