Noah Project Inc

Analysis

Noah Project Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 August 2023, Noah Project Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Noah Project Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Criterion Institute Inc ($2.2m), Methodist Home for the Aging ($2.2m) and Vineyard Village Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $140k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.5m against liabilities of $248k, net assets of $3.3m. It reported 56 employees.