Center for Racial Equity in Education

Analysis

Center for Racial Equity in Education is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2019, 7 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 June 2023, Center for Racial Equity in Education reported income of $513k and spending of $943k, spending 184% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $448k to $513k (+15%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 250%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Racial Equity in Education sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include The@frederic and Herb Kohler Trust for Education Advantage ($513k), Cincinnati Psychoanalytic Foundation Inc ($513k) and Colorado Consortium for Earth and Space Science Education ($513k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (12% of expenses). Other salaries and wages came to $272k. At year end it held assets of $1.6m against liabilities of $38k, net assets of $1.6m. It reported 4 employees.