Noble Academy Cleveland Inc

Analysis

Noble Academy Cleveland Inc is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Noble Academy Cleveland Inc reported income of $6.3m and spending of $5.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.3m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noble Academy Cleveland Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Edvance ($6.3m), Senator George J Mitchell Scholarship Research Institute ($6.3m) and The Westview School Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $86k (1.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.4m against liabilities of $6.6m, net assets of -$185k. It reported 50 employees.