Nova Community Arts

Analysis

Nova Community Arts is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. 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 Community Arts reported income of $122k and spending of $113k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $122k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nova Community Arts sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Gentlemen of the Garden Inc ($122k), Mahnah Club of the East Valley Inc ($122k) and Rockwood Area Historical Society Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 80% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.