Noblequest Health Foundation Inc

Analysis

Noblequest Health Foundation Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Noblequest Health Foundation Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $589k to $2.6m (+344%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 287%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Noblequest Health Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Jane Addams Community Mental Health Center ($2.6m), Association of American Cancer Institutes ($2.6m) and Conexus ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $177k (6.8% of expenses). Other salaries and wages came to $789k. At year end it held assets of $219k against liabilities of $156k, net assets of $63k. It reported 36 employees.