Noah Project Foundation

Analysis

Noah Project Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Noah Project Foundation reported income of $62k and spending of $15k, leaving 76% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $167k to $62k (-63%), an average of -22% a year. The sharpest change came in the year to August 2021, when income rose by 79%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Noah Project Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Meals in the Meantime ($62k), Fish Inc ($62k) and Cascade Seniors ($62k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $2.8m against liabilities of $5,291, net assets of $2.8m.