Raleigh Oak Charter School

Analysis

Raleigh Oak Charter School is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2017, 9 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 Oak Charter School reported income of $3.3m and spending of $3.5m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.3m (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 34%. 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, Raleigh Oak Charter School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Yonkers Partners in Education Inc ($3.3m), Project Impact STEM Academy Inc ($3.3m) and Mars Hill Ministries Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 95% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $244k against liabilities of $63k, net assets of $181k. It reported 81 employees.