Noonan Foundation
Noonan Foundation maintains substantial assets despite recurring operational deficits and zero reported officer compensation.
EIN: 205508805 · Atlanta, GA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $293K |
| Total Expenses | $409K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6.3 |
| Net Assets | $6.3M |
| Transparency Score | 75/100 |
Is Noonan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Noonan Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Noonan Foundation
Noonan Foundation (EIN: 205508805) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T22. The organization reported total revenue of $293K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noonan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Noonan Foundation is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $409K |
| Surplus / Deficit | $-109,254 |
| Total Assets | $6.3M |
| Total Liabilities | $5K |
| Net Assets | $6.3M |
| Operating Margin | -36.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 185.0 months |
Financial Health Grade: B
In 2023, Noonan Foundation reported a deficit of $109K with expenses exceeding revenue, holds 185.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.9% | +3.7% | -2.0% |
| 2022 | +54.0% | +11.3% | +3.4% |
| 2021 | +12.0% | -7.6% | +0.6% |
| 2020 | +45.5% | -4.8% | +0.7% |
| 2015 | -40.9% | +2.2% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Noonan Foundation 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, Noonan Foundation 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 deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Noonan Foundation consistently reports 0% officer compensation across all nine available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is highly unusual for an organization of its asset size ($6.3 million in 2023).
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 Noonan Foundation's IRS 990 filings:
- Recurring operational deficits (expenses exceeding revenue) in multiple years (e.g., 2023, 2020, 2015, 2013, 2012, 2011) could indicate reliance on asset drawdowns.
- Lack of detailed functional expense breakdown prevents a full assessment of program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Noonan Foundation:
- Substantial asset base ($6,313,520 in 2023) provides strong financial stability.
- Consistent reporting of 0% officer compensation across all filings indicates a highly volunteer-driven leadership or extremely low executive overhead.
- Long and consistent IRS 990 filing history (9 filings) demonstrates commitment to transparency.
- Low liabilities relative to assets ($4,874 in 2023 vs. $6.3M assets) indicates good financial management of debt.
Frequently Asked Questions about Noonan Foundation
Is Noonan Foundation a legitimate charity?
Noonan Foundation (EIN: 205508805) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $293K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Noonan Foundation spend its money?
Noonan Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Noonan Foundation tax-deductible?
Noonan Foundation is registered as a tax-exempt nonprofit (EIN: 205508805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Noonan Foundation CEO make?
Noonan Foundation's highest-compensated officer earns $6.3 annually. The organization reported $293K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Noonan Foundation's spending goes to programs?
Noonan Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Noonan Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Noonan Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Noonan Foundation located?
Noonan Foundation is headquartered in Atlanta, Georgia and files with the IRS under EIN 205508805. It is classified under NTEE code T22.
How many years of IRS 990 filings does Noonan Foundation have?
Noonan Foundation has 9 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 $293K in total revenue.
Is Noonan Foundation financially stable?
Yes, the Noonan Foundation appears financially stable due to its substantial assets, reported at $6,313,520 in 2023, which provide a strong buffer against periodic operational deficits where expenses exceed revenue.
How efficient is Noonan Foundation's spending?
Without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is difficult. However, the consistent reporting of 0% officer compensation suggests a lean administrative structure at the top.
Does Noonan Foundation compensate its executives?
Based on the provided IRS 990 data, the Noonan Foundation consistently reports 0% officer compensation across all nine filings, suggesting executives are either unpaid volunteers or compensated in a manner not reflected in this specific line item.
Why do expenses sometimes exceed revenue?
Expenses exceeded revenue in several periods (e.g., 2023, 2020, 2015, 2013, 2012, 2011). This can occur in foundations that draw from their endowment or assets to fund programs and operations, especially if investment returns are low or grantmaking is high in a given year.
What is the trend in Noonan Foundation's assets?
The Noonan Foundation's assets have remained relatively stable over the past decade, fluctuating around the $6.1 million to $6.8 million range, with $6,313,520 reported in 2023.
Filing History
IRS 990 filing history for Noonan Foundation showing financial trends over 9 years of public records:
Total assets decreased by 7.3% over the same period, from $6.8M to $6.3M. Total functional expenses rose by 6.9%, from $383K to $409K. In its most recent filing year (2023), Noonan Foundation reported a deficit of $109K, with expenses exceeding revenue. The organization holds $5K in liabilities against $6.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300K | $409K | $6.3M | $5K | — | View 990 |
| 2022 | $599K | $395K | $6.4M | $8K | — | View 990 |
| 2021 | $389K | $355K | $6.2M | $2K | — | View 990 |
| 2020 | $348K | $384K | $6.2M | $1 | — | — |
| 2015 | $239K | $403K | $6.1M | $0 | — | View 990 |
| 2014 | $404K | $395K | $6.3M | $5K | — | View 990 |
| 2013 | $270K | $389K | $6.3M | $0 | — | View 990 |
| 2012 | $-23,377 | $369K | $6.4M | $0 | — | View 990 |
| 2011 | $-9,079 | $383K | $6.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300K, expenses of $409K, and assets of $6.3M (revenue -49.9% year-over-year).
- 2022: Revenue of $599K, expenses of $395K, and assets of $6.4M (revenue +54.0% year-over-year).
- 2021: Revenue of $389K, expenses of $355K, and assets of $6.2M (revenue +12.0% year-over-year).
- 2020: Revenue of $348K, expenses of $384K, and assets of $6.2M (revenue +45.5% year-over-year).
- 2015: Revenue of $239K, expenses of $403K, and assets of $6.1M (revenue -40.9% year-over-year).
- 2014: Revenue of $404K, expenses of $395K, and assets of $6.3M (revenue +49.7% year-over-year).
- 2013: Revenue of $270K, expenses of $389K, and assets of $6.3M.
- 2012: Revenue of $-23,377, expenses of $369K, and assets of $6.4M.
- 2011: Revenue of $-9,079, expenses of $383K, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Noonan Foundation:
Data Sources and Methodology
This transparency report for Noonan Foundation 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.