City Center Nova

Analysis

City Center Nova is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, City Center Nova reported income of $498k and spending of $287k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $76k to $498k (+559%), an average of +559% a year. The sharpest change came in the year to June 2023, when income rose by 559%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City Center Nova sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Pecan Grove Manor Inc ($498k), Nowata Gardens Inc ($498k) and Housing Action Coalition of Waukesha County Inc ($498k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $131k. At year end it held assets of $396k against liabilities of $22k, net assets of $374k. It reported 2 employees.