Ravenscroft School Inc

Analysis

Ravenscroft School Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 1971, 55 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, Ravenscroft School Inc reported income of $37.9m and spending of $38.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $37.9m (+17%), an average of +4.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ravenscroft School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Arkansas Virtual Academy ($37.9m), Noble Research Institute LLC ($38.0m) and Howard Payne University ($37.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $925k (2.4% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $82.5m against liabilities of $38.2m, net assets of $44.4m. It reported 433 employees.