Raleigh School Inc

Analysis

Raleigh School Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Raleigh School Inc reported income of $5.8m and spending of $5.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.3m to $5.8m (-8.6%), an average of -2.2% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raleigh School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Gem Prep Meridian LLC ($5.8m), Independent Academy Charter School ($5.8m) and Eagle County Charter Academy ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $670k (12% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $12.9m against liabilities of $4.3m, net assets of $8.6m. It reported 73 employees.