Noble Research Institute Llc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 44,525,560 | 49,597,265 | −5,071,705 | 30.8 | 33% |
| 2023 | 37,950,542 | 43,942,836 | −5,992,294 | 34.7 | 37% |
In its most recent public year (2023), this organization spent $5,992,294 more than it brought in. Its reserves stood at about 34.7 months of spending, up from 30.8 in 2022. Staff pay was 37% of spending. $600,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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