Raleigh Area Masters

Analysis

Raleigh Area Masters is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Raleigh Area Masters reported income of $61k and spending of $64k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $61k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 341%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Raleigh Area Masters sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Fitchburg Youth Soccer Inc ($61k), Somerset Berkley Softball League ($61k) and Washington DC Youth Rugby ($61k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6,567. At year end it held assets of $19k against liabilities of $0, net assets of $19k. It reported 2 employees.