Cooperating Raleign Colleges

Analysis

Cooperating Raleign Colleges is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cooperating Raleign Colleges reported income of $75k and spending of $83k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $123k to $75k (-39%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cooperating Raleign Colleges sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Herkul Foundation Inc ($75k), The Radiance Center ($75k) and Powdersville High School Athletic Booster Club Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 48% of the total. At year end it held assets of $489k against liabilities of $21k, net assets of $468k.