Nvak Inc

Analysis

Nvak Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, Nvak Inc reported income of $172k and spending of $160k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $228k to $172k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nvak Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Friends of Metro Dance ($172k), Princess Theatre Inc ($172k) and Impact 100 Seattle ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $27k against liabilities of $25k, net assets of $1,769.