Novaskye Youth Foundation Inc

Analysis

Novaskye Youth Foundation Inc is a registered charity in United States, based in Riverdale, GA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Novaskye Youth Foundation Inc reported income of $230k and spending of $228k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $381k to $230k (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Novaskye Youth Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Steamsport Inc ($230k), Farmington Amateur Baseball Congress ($230k) and Anthony Davis Foundation Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $23k against liabilities of $67, net assets of $23k.