Raleigh Civic Ventures Inc

Analysis

Raleigh Civic Ventures Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Raleigh Civic Ventures Inc reported income of $282k and spending of $229k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $153k to $282k (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 93% 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 Civic Ventures Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Y12 Fcu Gives Foundation Inc ($282k), Richcroft Foundation Inc ($282k) and Charity Fall Invitational Incorporated ($282k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $321k against liabilities of $132k, net assets of $188k.