Novato Enrichment Care

Analysis

Novato Enrichment Care is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Novato Enrichment Care reported income of $956k and spending of $798k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $703k to $956k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 58%. 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, Novato Enrichment Care 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Woodstock Area Council on Aging ($955k), California Coalition for Youth ($956k) and Kiddie Garden Daycare & Preschool Inc ($955k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $241k (30% of expenses). Other salaries and wages came to $284k. At year end it held assets of $613k against liabilities of $13k, net assets of $600k. It reported 10 employees.