Nora School

Analysis

Nora School is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 1977, 49 years ago. 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 2024, Nora School reported income of $2.7m and spending of $2.2m, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $2.7m (+70%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nora School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include The Galloway School ($2.7m), Ecsu Foundation Inc ($2.7m) and Young Mens Christian Association of the Wabash Valley Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $349k (16% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.5m against liabilities of $972k, net assets of $5.6m. It reported 17 employees.