Cristo Rey Research Triangle High School Inc

Analysis

Cristo Rey Research Triangle High School Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2022, 4 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, Cristo Rey Research Triangle High School Inc reported income of $2.5m and spending of $3.3m, spending 132% of what it took in. Across the 4 years on record, from December 2020 to June 2023, income grew from $492k to $2.5m (+411%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 536%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cristo Rey Research Triangle High School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Trilogy Health Services Foundation Inc ($2.5m), Maharishi University of Management ($2.5m) and Legacy High School Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $262k (7.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.5m against liabilities of $7.9m, net assets of -$475k. It reported 37 employees.