Philanthropy & Grantmaking
(T99)
990 on File
NOVO FOUNDATION
Financial strength (30%)
64/100
Reliability (20%)
45/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$473.6M
Total Revenue
$237.5M
Total Expenses
$797.8M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
106.3%
Fundraising Efficiency
N/A
Operating Reserve
40.30x
Liability-to-Asset
14.9%
Revenue Diversification
99.9%
Executive Compensation
$1.8M
Compared with Peers
FY 2024
Compared with 126 similar organizations
(United States, Philanthropy & Grantmaking, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
106.3% | 96.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
40.3 mo | 63.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.9% | 3.3% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.9% | 92.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
26.7% | 29.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
36.5% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
49.8% | 6.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $473.6M | $237.5M | $797.8M | 106.3% | — |
| 2023 | $373.9M | $174.1M | $560.2M | 114.6% | — |
| 2022 | $332.6M | $273.2M | $352.0M | 81.4% | — |
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