Junior League of Raleigh Inc

Analysis

Junior League of Raleigh Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1963, 63 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Junior League of Raleigh Inc reported income of $479k and spending of $823k, spending 172% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $1.3m to $479k (-62%), an average of -28% a year. The sharpest change came in the year to May 2023, when income dropped by 46%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Raleigh Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include CBCT Building Futures ($478k), Colorado Institute for Public Life ($479k) and McMullen County Community Development Corporation ($478k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 129% and program service revenue 8.9% of the total. Other salaries and wages came to $254k. At year end it held assets of $7.8m against liabilities of $2.3m, net assets of $5.5m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.