Noble Schoolhouse Corporation

Analysis

Noble Schoolhouse Corporation is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, Noble Schoolhouse Corporation reported income of $247k and spending of $268k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $240k to $247k (+2.9%), an average of +0.7% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Noble Schoolhouse Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Cypress Woodlands Junior Forum ($247k), Waxahachie Arts Council Inc ($247k) and PTA California Congress of Parents Teachers & Students Inc ($247k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $925k against liabilities of $1.7m, net assets of -$819k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.