North Raleigh Ministries Inc

Analysis

North Raleigh Ministries Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Raleigh Ministries Inc reported income of $4.3m and spending of $3.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, North Raleigh Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Ameinu Our People Inc ($4.3m), Servants of the Pierced Hearts of Jesus and Mary ($4.3m) and Blanton-Peale Institute ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $143k (3.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.7m against liabilities of $2.3m, net assets of $4.4m. It reported 71 employees.