Raleigh Charter High School

Analysis

Raleigh Charter High School is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2000, 26 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, Raleigh Charter High School reported income of $7.0m and spending of $6.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $7.0m (+17%), an average of +4.1% a year. 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, Raleigh Charter High School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Rock Creek Community Academy Inc ($7.0m), North Idaho STEM Charter Academy Inc ($7.0m) and Texas Music Educators Association Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $139k (2.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $6.3m against liabilities of $4.7m, net assets of $1.6m. It reported 63 employees.