Raleigh-Cary Jewish Federation Inc

Analysis

Raleigh-Cary Jewish Federation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Raleigh-Cary Jewish Federation Inc reported income of $2.2m and spending of $2.4m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.3m to $2.2m (-3.5%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Raleigh-Cary Jewish Federation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include United Way of South Texas ($2.2m), Greenfield Community College Foundation Inc ($2.2m) and Wild Sheep Legacy Foundation ($2.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 77% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $133k (5.6% of expenses). Other salaries and wages came to $952k. At year end it held assets of $7.8m against liabilities of $3.4m, net assets of $4.4m. It reported 86 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.