Rewriting the Code Inc

Analysis

Rewriting the Code Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Rewriting the Code Inc reported income of $3.2m and spending of $2.6m, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $344k to $3.2m (+835%), an average of +111% a year. The sharpest change came in the year to December 2020, when income rose by 236%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rewriting the Code Inc 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 89th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include American Academy of Art Inc ($3.2m), Sierra Nevada Montessori School ($3.2m) and Buffalo Creek Academy Inc ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $577k (23% of expenses). Other salaries and wages came to $581k. At year end it held assets of $4.0m against liabilities of $1.8m, net assets of $2.2m. It reported 12 employees.