Nobelity Project

Analysis

Nobelity Project is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nobelity Project reported income of $392k and spending of $626k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $392k (-64%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nobelity Project sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Texas State Alumni Association ($392k), McDonald Elementary PTA ($392k) and Washington Urban Debate League ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $96k (15% of expenses). Other salaries and wages came to $54k. At year end it held assets of $953k against liabilities of $79k, net assets of $874k. It reported 2 employees.

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.