Rtca Inc

Analysis

Rtca Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2018, 8 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, Rtca Inc reported income of $9.5m and spending of $9.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.5m (+23%), an average of +5.4% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rtca Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Breakthrough ($9.5m), Renaissance Arts Academy ($9.5m) and Winston-Salem Academy Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $939k against liabilities of $756k, net assets of $182k.