Communities in Schools of Wake County

Analysis

Communities in Schools of Wake County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1989, 37 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, Communities in Schools of Wake County reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $945k to $1.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Communities in Schools of Wake County sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Beacon Institute Inc ($1.2m), International Education Development ($1.2m) and Covenant School ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $94k (7.8% of expenses). Other salaries and wages came to $792k. At year end it held assets of $532k against liabilities of $171k, net assets of $361k. It reported 49 employees.