Cristo Rey Research Triangle Corporate Work Study Program Inc

Analysis

Cristo Rey Research Triangle Corporate Work Study Program Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type ii) 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 Corporate Work Study Program Inc reported income of $497k and spending of $443k, spending 89% of its income. Across the 3 years on record, from December 2021 to June 2023, income grew from $308k to $497k (+62%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 196%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cristo Rey Research Triangle Corporate Work Study Program Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Building and Supporting Entrepreneurship of Se Lancaster ($497k), Wpda Inc ($498k) and McClouds Computer & Skills Training Center Inc ($497k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $452k against liabilities of $667k, net assets of -$215k.