Noble Inc

Analysis

Noble Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Noble Inc reported income of $13.4m and spending of $12.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $13.4m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Noble Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Families & Youth Inc ($13.4m), Hospice of Hope Inc ($13.5m) and Bridgeway Academy ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $256k (2.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $27.2m against liabilities of $1.1m, net assets of $26.0m. It reported 412 employees.