Nova Charter School

Analysis

Nova Charter School is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Nova Charter School reported income of $7.4m and spending of $8.4m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.7m to $7.4m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to August 2023, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nova Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Extension Foundation ($7.4m), Iftin Charter School ($7.4m) and Columbus Preparatory Academy ($7.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $150k (1.8% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $10.0m against liabilities of $5.0m, net assets of $4.9m. It reported 141 employees.