Noble Minds Inc

Analysis

Noble Minds Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2015, 11 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 Minds Inc reported income of $2.4m and spending of $2.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $882k to $2.4m (+173%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noble Minds Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include National Association for Family School and Community Engagement ($2.4m), Rock Solid Christian Academy Inc ($2.4m) and Ocean County College Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.6m against liabilities of $801k, net assets of $844k. It reported 30 employees.