Noor Academy Inc

Analysis

Noor Academy Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Noor Academy Inc reported income of $510k and spending of $503k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $510k (+97%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 156%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noor Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Iron Mountain Public School Scholarship Foundation ($510k), Kids Count in Alachua County ($510k) and Southwestern Ohio Instructional Technology Association Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $63k (13% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $295k. It reported 16 employees.