Noblereach Foundation

Analysis

Noblereach Foundation is a registered charity in United States, based in Tysons, VA. It received its IRS tax-exemption ruling in January 1962, 64 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Noblereach Foundation reported income of $63.8m and spending of $70.8m, spending 111% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $330.7m to $63.8m (-81%), an average of -28% a year. The sharpest change came in the year to December 2020, when income rose by 318%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Noblereach Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Society for Science and the Public ($63.6m), Minneapolis Society of Fine Arts ($63.9m) and Newfields Inc ($62.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $4.9m (7.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $438.0m against liabilities of $24.0m, net assets of $414.0m. It reported 49 employees.