Noble Schoolhouse Corporation
Noble Schoolhouse Corporation consistently operates at a deficit, drawing down assets over the past decade.
EIN: 111028072 · Chelsea, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $268K |
| Program Spending | 80% |
| Net Assets | $-818,641 |
| Transparency Score | 60/100 |
Is Noble Schoolhouse Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Noble Schoolhouse Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Noble Schoolhouse Corporation
Noble Schoolhouse Corporation (EIN: 111028072) is a nonprofit organization based in Chelsea, MA. The organization reported total revenue of $283K and total assets of $958K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noble Schoolhouse Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Noble Schoolhouse Corporation is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $268K |
| Surplus / Deficit | $-20,985 |
| Total Assets | $925K |
| Total Liabilities | $1.7M |
| Net Assets | $-818,641 |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 188.5% |
| Months of Reserves | 41.3 months |
Financial Health Grade: C
In 2024, Noble Schoolhouse Corporation reported a deficit of $21K with expenses exceeding revenue, holds 41.3 months of operating reserves (strong position), has a debt-to-asset ratio of 188.5% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Noble Schoolhouse Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.0% | -11.4% | -4.0% |
| 2023 | +4.2% | +8.6% | +1.4% |
| 2022 | +3.7% | +2.0% | -2.1% |
| 2021 | -7.5% | -1.6% | -2.6% |
| 2020 | +7.2% | +10.0% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Schoolhouse Corporation with a Mission Score of 60 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 Schoolhouse Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 188.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds towards its mission.
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 Schoolhouse Corporation's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in every reported period.
- Gradual but steady decline in total assets over the past decade, from $1,124,295 in 2015 to $924,907 in 2024.
- Liabilities consistently exceed assets by a significant margin, raising questions about financial structure and risk.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits full spending efficiency analysis.
Strengths
The following positive indicators were identified for Noble Schoolhouse Corporation:
- 0% officer compensation reported across all filings, indicating a strong commitment to directing funds to mission.
- Long operating history with 13 filings, suggesting established presence.
Frequently Asked Questions about Noble Schoolhouse Corporation
Is Noble Schoolhouse Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Noble Schoolhouse Corporation (EIN: 111028072) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Noble Schoolhouse Corporation spend its money?
Noble Schoolhouse Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Noble Schoolhouse Corporation tax-deductible?
Noble Schoolhouse Corporation is registered as a tax-exempt nonprofit (EIN: 111028072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Noble Schoolhouse Corporation's spending goes to programs?
Noble Schoolhouse Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Noble Schoolhouse Corporation located?
Noble Schoolhouse Corporation is headquartered in Chelsea, Massachusetts and files with the IRS under EIN 111028072.
How many years of IRS 990 filings does Noble Schoolhouse Corporation have?
Noble Schoolhouse Corporation 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 $283K in total revenue.
Is Noble Schoolhouse Corporation financially sustainable?
The organization has consistently spent more than it earns, leading to a decline in assets from $1,124,295 in 2015 to $924,907 in 2024. This trend raises concerns about long-term financial sustainability if not reversed.
What is the nature of Noble Schoolhouse Corporation's significant liabilities?
The organization consistently reports liabilities significantly higher than its assets (e.g., $1,743,548 in liabilities vs. $924,907 in assets in 2024). Without further detail from the full 990, it's unclear if these are program-related, debt, or other obligations, and their impact on financial health needs investigation.
How does Noble Schoolhouse Corporation cover its operating deficits?
The consistent deficits (e.g., $20,985 in 2024, $62,837 in 2023) suggest the organization is either drawing down its assets or relying on other undisclosed funding sources to cover operational costs.
Filing History
IRS 990 filing history for Noble Schoolhouse Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Noble Schoolhouse Corporation's revenue has grown by 10.2%, moving from $224K to $247K. Total assets decreased by 23.6% over the same period, from $1.2M to $925K. Total functional expenses rose by 39.8%, from $192K to $268K. In its most recent filing year (2024), Noble Schoolhouse Corporation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $925K in assets (debt-to-asset ratio: 188.5%), resulting in net assets of $-818,641.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $247K | $268K | $925K | $1.7M | — | — |
| 2023 | $240K | $303K | $964K | $1.8M | — | View 990 |
| 2022 | $231K | $279K | $950K | $1.7M | — | View 990 |
| 2021 | $222K | $274K | $970K | $1.7M | — | View 990 |
| 2020 | $240K | $278K | $996K | $1.6M | — | View 990 |
| 2019 | $224K | $253K | $1.0M | $1.6M | — | View 990 |
| 2018 | $202K | $261K | $1.0M | $1.6M | — | — |
| 2017 | $199K | $224K | $1.1M | $1.6M | — | View 990 |
| 2016 | $188K | $224K | $1.1M | $1.6M | — | View 990 |
| 2015 | $178K | $199K | $1.1M | $1.6M | — | View 990 |
| 2014 | $174K | $217K | $1.1M | $1.6M | — | View 990 |
| 2013 | $173K | $203K | $1.2M | $1.6M | — | View 990 |
| 2012 | $224K | $192K | $1.2M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $247K, expenses of $268K, and assets of $925K (revenue +3.0% year-over-year).
- 2023: Revenue of $240K, expenses of $303K, and assets of $964K (revenue +4.2% year-over-year).
- 2022: Revenue of $231K, expenses of $279K, and assets of $950K (revenue +3.7% year-over-year).
- 2021: Revenue of $222K, expenses of $274K, and assets of $970K (revenue -7.5% year-over-year).
- 2020: Revenue of $240K, expenses of $278K, and assets of $996K (revenue +7.2% year-over-year).
- 2019: Revenue of $224K, expenses of $253K, and assets of $1.0M (revenue +11.0% year-over-year).
- 2018: Revenue of $202K, expenses of $261K, and assets of $1.0M (revenue +1.4% year-over-year).
- 2017: Revenue of $199K, expenses of $224K, and assets of $1.1M (revenue +6.1% year-over-year).
- 2016: Revenue of $188K, expenses of $224K, and assets of $1.1M (revenue +5.6% year-over-year).
- 2015: Revenue of $178K, expenses of $199K, and assets of $1.1M (revenue +2.1% year-over-year).
- 2014: Revenue of $174K, expenses of $217K, and assets of $1.1M (revenue +0.6% year-over-year).
- 2013: Revenue of $173K, expenses of $203K, and assets of $1.2M (revenue -22.8% year-over-year).
- 2012: Revenue of $224K, expenses of $192K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Noble Schoolhouse Corporation:
Data Sources and Methodology
This transparency report for Noble Schoolhouse Corporation 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.