Noble Academy Cleveland Inc
Noble Academy Cleveland Inc. shows consistent revenue growth and asset accumulation, but maintains high liabilities.
EIN: 204451404 · Euclid, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $5.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $-184,861 |
| Transparency Score | 75/100 |
Is Noble Academy Cleveland Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Noble Academy Cleveland Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Noble Academy Cleveland Inc
Noble Academy Cleveland Inc (EIN: 204451404) is a nonprofit organization based in Euclid, OH, classified under NTEE code B29. The organization reported total revenue of $5.6M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noble Academy Cleveland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Noble Academy Cleveland Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $5.4M |
| Surplus / Deficit | +$830K |
| Total Assets | $6.4M |
| Total Liabilities | $6.6M |
| Net Assets | $-184,861 |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 102.9% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Noble Academy Cleveland Inc reported a surplus of $830K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 102.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Noble Academy Cleveland Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +12.9% | +25.8% |
| 2022 | +26.4% | +6.1% | +32.8% |
| 2021 | +5.6% | -2.3% | +27.9% |
| 2020 | +4.6% | +20.5% | +14.5% |
| 2019 | +3.2% | +62.7% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Noble Academy Cleveland Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Noble Academy Cleveland Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $830K, with revenue exceeding expenses.
- Debt-to-asset ratio: 102.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $6 million in annual revenue. This suggests either that key leadership roles are uncompensated, or compensation is structured in a way that is not reported under 'Officer Comp' on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Noble Academy Cleveland Inc's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets) in recent years, e.g., $6,550,994 liabilities vs $6,366,133 assets in 2023.
- Unusually low (0%) reported officer compensation for an organization with over $6 million in revenue, which may obscure actual leadership compensation structures.
Strengths
The following positive indicators were identified for Noble Academy Cleveland Inc:
- Strong and consistent revenue growth, increasing from $3,017,247 in 2014 to $6,255,243 in 2023.
- Significant asset accumulation over time, growing from $302,943 in 2014 to $6,366,133 in 2023.
- Generally positive operating margins, with revenues exceeding expenses in most recent years (e.g., $6,255,243 revenue vs $5,425,203 expenses in 2023).
Frequently Asked Questions about Noble Academy Cleveland Inc
Is Noble Academy Cleveland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Noble Academy Cleveland Inc (EIN: 204451404) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Noble Academy Cleveland Inc spend its money?
Noble Academy Cleveland Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Noble Academy Cleveland Inc tax-deductible?
Noble Academy Cleveland Inc is registered as a tax-exempt nonprofit (EIN: 204451404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Noble Academy Cleveland Inc CEO make?
Noble Academy Cleveland Inc's highest-compensated officer earns $6 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Noble Academy Cleveland Inc's spending goes to programs?
Noble Academy Cleveland Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Noble Academy Cleveland Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Noble Academy Cleveland Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Noble Academy Cleveland Inc located?
Noble Academy Cleveland Inc is headquartered in Euclid, Ohio and files with the IRS under EIN 204451404. It is classified under NTEE code B29.
How many years of IRS 990 filings does Noble Academy Cleveland Inc have?
Noble Academy Cleveland Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.6M in total revenue.
Why does Noble Academy Cleveland Inc. consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of its size and revenue. This could mean that the highest-paid individuals are not legally classified as officers, or that their compensation is covered by a related entity, or that the organization relies on volunteer leadership for its top positions. Further investigation into the compensation of key employees would be necessary to understand the full picture.
What is the nature of the high liabilities reported by the organization?
The organization consistently reports high liabilities, often exceeding its assets, such as $6,550,994 in liabilities against $6,366,133 in assets in 2023. This could indicate significant debt related to facilities, long-term leases, or other operational obligations. Understanding the specific types of liabilities is crucial for assessing long-term financial risk.
How does Noble Academy Cleveland Inc. manage its net asset position, which has been negative in recent years?
With liabilities exceeding assets in several recent periods (e.g., 2023, 2022, 2021), the organization has a negative net asset position. This suggests that the organization's total obligations are greater than its total resources. While not uncommon for some types of nonprofits, especially those with significant capital leases or debt, it warrants understanding how the organization plans to improve its net asset position and ensure long-term solvency.
Filing History
IRS 990 filing history for Noble Academy Cleveland Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Noble Academy Cleveland Inc's revenue has grown by 251.6%, moving from $1.8M to $6.3M. Total assets increased by 2886.9% over the same period, from $213K to $6.4M. Total functional expenses rose by 185.1%, from $1.9M to $5.4M. In its most recent filing year (2023), Noble Academy Cleveland Inc reported a surplus of $830K, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $6.4M in assets (debt-to-asset ratio: 102.9%), resulting in net assets of $-184,861.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $5.4M | $6.4M | $6.6M | — | View 990 |
| 2022 | $5.9M | $4.8M | $5.1M | $6.1M | — | View 990 |
| 2021 | $4.7M | $4.5M | $3.8M | $6.0M | — | View 990 |
| 2020 | $4.5M | $4.6M | $3.0M | $5.3M | — | View 990 |
| 2019 | $4.3M | $3.8M | $2.6M | $4.7M | — | View 990 |
| 2018 | $4.1M | $2.4M | $2.7M | $5.2M | — | View 990 |
| 2017 | $4.2M | $4.3M | $1.6M | $5.1M | — | — |
| 2016 | $3.7M | $3.8M | $683K | $4.0M | — | View 990 |
| 2015 | $3.3M | $3.2M | $521K | $3.7M | — | View 990 |
| 2014 | $3.0M | $3.1M | $303K | $305K | — | View 990 |
| 2013 | $2.6M | $2.5M | $206K | $154K | — | View 990 |
| 2012 | $2.2M | $2.2M | $171K | $169K | — | View 990 |
| 2011 | $1.8M | $1.9M | $213K | $182K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $5.4M, and assets of $6.4M (revenue +5.2% year-over-year).
- 2022: Revenue of $5.9M, expenses of $4.8M, and assets of $5.1M (revenue +26.4% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.5M, and assets of $3.8M (revenue +5.6% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.6M, and assets of $3.0M (revenue +4.6% year-over-year).
- 2019: Revenue of $4.3M, expenses of $3.8M, and assets of $2.6M (revenue +3.2% year-over-year).
- 2018: Revenue of $4.1M, expenses of $2.4M, and assets of $2.7M (revenue -0.8% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.3M, and assets of $1.6M (revenue +12.7% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.8M, and assets of $683K (revenue +10.4% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.2M, and assets of $521K (revenue +10.7% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.1M, and assets of $303K (revenue +17.8% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $206K (revenue +15.1% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $171K (revenue +25.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.9M, and assets of $213K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Noble Academy Cleveland Inc:
Data Sources and Methodology
This transparency report for Noble Academy Cleveland Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.