Friends of Nova Classical Academy

Analysis

Friends of Nova Classical Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2009, 17 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 June 2023, Friends of Nova Classical Academy reported income of $1.8m and spending of $1.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.8m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Nova Classical Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Rise Colorado ($1.8m), Trinity Christian School of Montville Inc ($1.8m) and The Arizona Charter Schools Association ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $20.6m against liabilities of $21.8m, net assets of -$1.3m.