Supernova Scholars Inc

Analysis

Supernova Scholars Inc is a registered charity in United States, based in Melbourne Beach, FL. It received its IRS tax-exemption ruling in May 2022, 4 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, Supernova Scholars Inc reported income of $117k and spending of $93k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $117k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Supernova Scholars Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Conroe Art League Inc ($117k), Ned Alumni Association of Southern California ($117k) and Peters Canyon Elementary School PTO ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.