Team Noah Foundation Inc

Analysis

Team Noah Foundation Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Team Noah Foundation Inc reported income of $333k and spending of $79k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $333k (+205%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Team Noah Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Greater Brewton Foundation ($333k), Team Hydro Foundation Inc ($333k) and Merrill Area United Way Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $683k against liabilities of $0, net assets of $683k.