Noble Academy

Analysis

Noble Academy is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Noble Academy reported income of $4.5m and spending of $4.7m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $4.5m (+17%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noble Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Woodlawn School ($4.5m), College for Kids Inc ($4.5m) and Childrens After School Programs Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $286k (6.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $12.3m against liabilities of $3.3m, net assets of $9.1m. It reported 85 employees.