Noble Housing Corporation

Analysis

Noble Housing Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in December 1993, 33 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, Noble Housing Corporation reported income of $248k and spending of $269k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $248k (+26%), an average of +6.0% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Noble Housing Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Wichita Place Senior Residences Inc ($248k), Anderson Valley Housing Association Inc ($248k) and Sparc Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $749k against liabilities of $1.3m, net assets of -$579k.