Nova Principles Foundation

Analysis

Nova Principles Foundation is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in September 2017, 9 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 December 2023, Nova Principles Foundation reported income of $119k and spending of $116k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $494k to $119k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nova Principles Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within UT. Charities of a similar size with the same main cause include Duxbury Interfaith Council ($119k), HHCR Foundation ($119k) and Rogers City Area Seniors Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $39k (34% of expenses). At year end it held assets of $60k against liabilities of $21k, net assets of $39k. It reported 1 employees.