Noroc

Analysis

Noroc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Noroc reported income of $268k and spending of $345k, spending 129% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $163k to $268k (+65%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Noroc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Strides to Success Inc ($268k), Texas Baptist Prisoner Family Ministry Foundation ($268k) and Miracle Mile Community Practice ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $469k against liabilities of $0, net assets of $469k.