North Raleigh Christian Academy

Analysis

North Raleigh Christian Academy is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2023, North Raleigh Christian Academy reported income of $16.3m and spending of $15.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $16.3m (+14%), an average of +3.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Raleigh Christian Academy 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 Sruf Campus Housing Inc ($16.3m), Heights Christian Schools ($16.3m) and Minnesota State University Mankato Foundation Incorporated ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $384k (2.5% of expenses). Other salaries and wages came to $7.0m. It paid $63k in professional fundraising fees. At year end it held assets of $52.0m against liabilities of $9.4m, net assets of $42.5m. It reported 179 employees.