The Nova School Association

Analysis

The Nova School Association is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 1992, 34 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, The Nova School Association reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $2.0m (-6.8%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Nova School Association 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 WA. Charities of a similar size with the same main cause include Family Harvest Ministries ($2.0m), William Sturgis Friends of Education Foundation Inc ($2.0m) and Bertie Educational Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $129k (6.7% of expenses). Other salaries and wages came to $833k. At year end it held assets of $2.3m against liabilities of $250k, net assets of $2.0m. It reported 34 employees.