The Noble Ninth Inc

Analysis

The Noble Ninth Inc is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in August 1997, 29 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 (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 Noble Ninth Inc reported income of $358k and spending of $322k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $439k to $358k (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Noble Ninth Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include W H Development Corporation ($358k), Cornerstone Community ($358k) and Central Valley Senior Housing Corporation ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 15% of the total. Other salaries and wages came to $39k. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m. It reported 1 employees.