Nova-Ro Corporation

Analysis

Nova-Ro Corporation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nova-Ro Corporation reported income of $1.4m and spending of $909k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+20%), an average of +4.6% a year. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nova-Ro Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include NC Orange Senior Housing Corp ($1.4m), Cass Corridor Neighborhood Development Corporation ($1.4m) and LSS Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $115k (13% of expenses). Other salaries and wages came to $31k. At year end it held assets of $8.4m against liabilities of $54k, net assets of $8.4m.