North Carolina High School for Accelerated Learning - Wake

Analysis

North Carolina High School for Accelerated Learning - Wake is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, North Carolina High School for Accelerated Learning - Wake reported income of $3.2m and spending of $3.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina High School for Accelerated Learning - Wake sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Covenant Grace Christian Academy Inc ($3.2m), Hermosa Montessori Charter School ($3.2m) and Academy Services Corporation ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $476k against liabilities of $392k, net assets of $84k.