Nova Center for the Performing Arts Inc

Analysis

Nova Center for the Performing Arts Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Nova Center for the Performing Arts Inc reported income of $276k and spending of $259k, spending 94% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $270k to $276k (+2.0%), an average of +0.4% a year. The sharpest change came in the year to May 2022, when income rose by 104%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nova Center for the Performing Arts Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MT. Charities of a similar size with the same main cause include Yucca Valley Material Lab Incorporated ($276k), Gwinnett Ballet Theatre Inc ($276k) and Artlab J ($276k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 27% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). Other salaries and wages came to $76k. At year end it held assets of $407k against liabilities of $397k, net assets of $9,747. It reported 32 employees.