Novamaya

Analysis

Novamaya is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Novamaya reported income of $67k and spending of $74k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.8m to $67k (-98%), an average of -85% a year. The sharpest change came in the year to December 2022, when income dropped by 170%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Novamaya sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Georgia Apartment Industry Education Foundation Inc ($67k), New York Logger Training Inc ($67k) and Padua Academy Foundation ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $790k against liabilities of $0, net assets of $790k.