Se Raleigh Promise Inc

Analysis

Se Raleigh Promise Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Se Raleigh Promise Inc reported income of $1.6m and spending of $865k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.6m (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 85%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Se Raleigh Promise Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Keren Menachem ($1.6m), Samaritan Counseling Center Inc ($1.6m) and Sights for Hope ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $156k (18% of expenses). Other salaries and wages came to $367k. At year end it held assets of $1.6m against liabilities of $163k, net assets of $1.4m. It reported 22 employees.