North Raleigh Ministries Inc
North Raleigh Ministries Inc shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 200496814 · Raleigh, NC · NTEE: X20 · Updated: 2026-03-28
Is North Raleigh Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Raleigh Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Raleigh Ministries Inc
North Raleigh Ministries Inc (EIN: 200496814) is a nonprofit organization based in Raleigh, NC, classified under NTEE code X20. The organization reported total revenue of $8.7M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Raleigh Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Raleigh Ministries Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$647K |
| Total Assets | $6.7M |
| Total Liabilities | $2.3M |
| Net Assets | $4.4M |
| Operating Margin | 15.0% |
| Debt-to-Asset Ratio | 34.6% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, North Raleigh Ministries Inc reported a surplus of $647K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position), has a debt-to-asset ratio of 34.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Raleigh Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.6% | +10.0% | +6.3% |
| 2022 | +45.6% | +20.6% | +180.2% |
| 2021 | +16.2% | -7.3% | +23.0% |
| 2020 | +16.1% | +33.3% | +17.6% |
| 2019 | +15.4% | +12.2% | +29.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Raleigh Ministries Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, North Raleigh Ministries Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $647K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with revenues exceeding $4 million in recent years. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of North Raleigh Ministries Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may indicate a lack of transparency in reporting executive salaries or a highly unusual operational model.
- Significant increase in liabilities from $35,570 in 2021 to $2,313,426 in 2023 warrants further investigation into the nature of these obligations.
Strengths
The following positive indicators were identified for North Raleigh Ministries Inc:
- Consistent revenue growth over the past decade, demonstrating strong fundraising and financial sustainability.
- Healthy asset accumulation, with assets growing from $437,272 in 2015 to $7,964,421 currently, indicating strong financial management and reserves.
- Expenses consistently lower than revenue, showing efficient spending and the ability to build financial capacity.
- Strong financial health with a substantial asset base relative to liabilities.
Frequently Asked Questions about North Raleigh Ministries Inc
Is North Raleigh Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Raleigh Ministries Inc (EIN: 200496814) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does North Raleigh Ministries Inc spend its money?
North Raleigh Ministries Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Raleigh Ministries Inc tax-deductible?
North Raleigh Ministries Inc is registered as a tax-exempt nonprofit (EIN: 200496814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does North Raleigh Ministries Inc manage to report 0% officer compensation with its scale of operations?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a fully volunteer executive leadership, or that executive compensation is categorized under other expense lines, which would require further clarification from the organization to fully understand their compensation structure.
What caused the significant increase in assets between 2021 and 2022?
Assets jumped from $2,243,323 in 2021 to $6,285,593 in 2022. This substantial increase of over $4 million in a single year suggests a significant capital infusion, a large donation, or a major investment, which would be important to understand for a complete financial picture.
What is the breakdown of program services provided by North Raleigh Ministries Inc?
While the NTEE code X20 indicates 'Unknown,' a detailed breakdown of their program services would provide better insight into how their substantial revenues and assets are being utilized to fulfill their mission.
Filing History
IRS 990 filing history for North Raleigh Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Raleigh Ministries Inc's revenue has grown by 372%, moving from $915K to $4.3M. Total assets increased by 2928.2% over the same period, from $221K to $6.7M. Total functional expenses rose by 303.1%, from $911K to $3.7M. In its most recent filing year (2023), North Raleigh Ministries Inc reported a surplus of $647K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $6.7M in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $3.7M | $6.7M | $2.3M | — | — |
| 2022 | $5.1M | $3.3M | $6.3M | $2.4M | — | View 990 |
| 2021 | $3.5M | $2.8M | $2.2M | $36K | — | View 990 |
| 2020 | $3.0M | $3.0M | $1.8M | $319K | — | View 990 |
| 2019 | $2.6M | $2.2M | $1.6M | $47K | — | View 990 |
| 2018 | $2.2M | $2.0M | $1.2M | $28K | — | View 990 |
| 2017 | $2.0M | $1.8M | $961K | $18K | — | View 990 |
| 2016 | $1.5M | $1.2M | $729K | $33K | — | View 990 |
| 2015 | $1.0M | $1.1M | $437K | $8K | — | View 990 |
| 2014 | $1.4M | $1.3M | $551K | $15K | — | View 990 |
| 2013 | $1.4M | $1.2M | $477K | $17K | — | View 990 |
| 2012 | $1.1M | $1.1M | $254K | $6K | — | View 990 |
| 2011 | $915K | $911K | $221K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $3.7M, and assets of $6.7M (revenue -14.6% year-over-year).
- 2022: Revenue of $5.1M, expenses of $3.3M, and assets of $6.3M (revenue +45.6% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.8M, and assets of $2.2M (revenue +16.2% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.0M, and assets of $1.8M (revenue +16.1% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.2M, and assets of $1.6M (revenue +15.4% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.0M, and assets of $1.2M (revenue +8.7% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.8M, and assets of $961K (revenue +40.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.2M, and assets of $729K (revenue +40.6% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $437K (revenue -23.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $551K (revenue -6.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $477K (revenue +29.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $254K (revenue +21.9% year-over-year).
- 2011: Revenue of $915K, expenses of $911K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Raleigh Ministries Inc:
Data Sources and Methodology
This transparency report for North Raleigh Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.