Wake County Smartstart

Analysis

Wake County Smartstart is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1996, 30 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 2024, Wake County Smartstart reported income of $25.1m and spending of $25.0m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $18.5m to $25.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wake County Smartstart sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include North Carolina for Quality Virtual Education ($25.1m), North Cobb Christian School Inc ($25.1m) and Collaborative for Regional Educational Services and Training ($25.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $368k (1.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.0m against liabilities of $401k, net assets of $3.6m. It reported 47 employees.