Noah Homes Inc

Analysis

Noah Homes Inc is a registered charity in United States, based in Spring Valley, CA. It received its IRS tax-exemption ruling in November 1996, 30 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 June 2023, Noah Homes Inc reported income of $10.0m and spending of $8.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $10.0m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Noah Homes Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Central American Resource Center Carecen of Northern California ($10.0m), Metropolitan Center for Independent Living ($10.1m) and Counseling & Family Services of Peoria Il Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $299k (3.5% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $19.1m against liabilities of $663k, net assets of $18.5m. It reported 185 employees.