Spokes Group Raleigh Inc

Analysis

Spokes Group Raleigh Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spokes Group Raleigh Inc reported income of $51k and spending of $67k, spending 131% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $45k to $51k (+15%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spokes Group Raleigh Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Project Child Save ($51k), Rotary Club of Key Largo Sunset Foundation ($51k) and Lancaster County Agriculture Council ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.