Noble Academy

Analysis

Noble Academy is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in November 2007, 19 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 2023, Noble Academy reported income of $10.0m and spending of $7.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.5m to $10.0m (-13%), an average of -3.4% a year. Over the whole period it spent 89% 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 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Veritas Preparatory Academy ($10.0m), Five Colleges Incorporated ($10.0m) and Excell Academy for Higher Learning Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $469k (6.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $17.1m against liabilities of $5.9m, net assets of $11.2m. It reported 71 employees.