North Raleigh Arts & Creative Theatre

Analysis

North Raleigh Arts & Creative Theatre is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Raleigh Arts & Creative Theatre reported income of $393k and spending of $390k, spending 99% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $266k to $393k (+48%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 178%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Raleigh Arts & Creative Theatre sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Colorado Institute of Music ($393k), The Vanguard Theater Company ($393k) and Palm Springs Opera Guild of the Desert ($393k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 47% of the total. Other salaries and wages came to $75k. At year end it held assets of $738k against liabilities of $355k, net assets of $383k. It reported 3 employees.