Noodles & Company Foundation

Analysis

Noodles & Company Foundation is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Noodles & Company Foundation reported income of $170k and spending of $217k, spending 128% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $211k to $170k (-20%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Noodles & Company Foundation sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include College Access Fairfax ($170k), Be a Friend ($170k) and Joseph F Cannon TR Uw Fbo Observer Fresh Air Camp Inc ($170k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.