Astra Nova School

Analysis

Astra Nova School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Astra Nova School reported income of $2.0m and spending of $2.4m, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.6m to $2.0m (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Astra Nova School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Minnesota Private College Fund ($2.0m), Kings Academy Inc ($2.0m) and Summit Academy Community School - Dayton ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $444k (19% of expenses). Other salaries and wages came to $915k. At year end it held assets of $1.2m against liabilities of $303k, net assets of $849k. It reported 23 employees.