Nobel Foundation

Analysis

Nobel Foundation is a registered charity in United States, based in Sweden. It received its IRS tax-exemption ruling in April 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Nobel Foundation reported income of $19.6m and spending of $18.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $25.0m to $19.6m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nobel Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include Putney School Inc ($19.6m), New Heritage Towers ($19.6m) and Ascentria Care Alliance Inc ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $193k (1.0% of expenses). Other salaries and wages came to $813k. At year end it held assets of $412.3m against liabilities of $6.2m, net assets of $406.0m.