Greater Raleigh Area Christian Education Inc

Analysis

Greater Raleigh Area Christian Education Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1996, 30 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 May 2024, Greater Raleigh Area Christian Education Inc reported income of $16.5m and spending of $13.0m, leaving 21% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $9.1m to $16.5m (+82%), an average of +13% a year. The sharpest change came in the year to May 2024, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Raleigh Area Christian Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include DC Bilingual Public Charter School ($16.5m), Student Alternatives Program Incorporated ($16.5m) and St Hope Public Schools ($16.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $334k (2.6% of expenses). Other salaries and wages came to $6.4m. It paid $68k in professional fundraising fees. At year end it held assets of $31.7m against liabilities of $17.8m, net assets of $13.9m. It reported 243 employees.