Center for Race and Opportunity

Analysis

Center for Race and Opportunity is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Race and Opportunity reported income of $620k and spending of $508k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $538k to $620k (+15%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Race and Opportunity sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Everett Christian School ($620k), Aurora Public Library Foundation Inc ($620k) and Safe in Spirit Inc ($619k).

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 $95k (19% of expenses). At year end it held assets of $84k against liabilities of $5,206, net assets of $79k. It reported 6 employees.