The Noel Pointer Foundation Inc

Analysis

The Noel Pointer Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1996, 30 years ago. 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, The Noel Pointer Foundation Inc reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+69%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Noel Pointer Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Jep Congregations of Long Island ($2.0m), The Triad Health Project ($2.0m) and Opportunities for Hope Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $106k (5.6% of expenses). Other salaries and wages came to $726k. At year end it held assets of $1.1m against liabilities of $112k, net assets of $948k. It reported 39 employees.