Raleigh Academy Of Chinese Language
EIN: 582190391 · Raleigh, NC · NTEE: B26Z
| Metric | Value |
|---|---|
| Total Revenue | $324K |
| Total Expenses | $170K |
| Net Assets | $446K |
Is Raleigh Academy Of Chinese Language Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raleigh Academy Of Chinese Language
Raleigh Academy Of Chinese Language (EIN: 582190391) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B26Z. The organization reported total revenue of $324K and total assets of $519K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raleigh Academy Of Chinese Language's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raleigh Academy Of Chinese Language is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $192K |
| Total Expenses | $170K |
| Surplus / Deficit | +$22K |
| Total Assets | $446K |
| Net Assets | $446K |
| Operating Margin | 11.5% |
| Months of Reserves | 31.5 months |
Financial Health Grade: A
In 2023, Raleigh Academy Of Chinese Language reported a surplus of $22K with revenue exceeding expenses, holds 31.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Raleigh Academy Of Chinese Language's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.8% | +8.8% | +5.2% |
| 2022 | +0.4% | +44.4% | -2.9% |
| 2021 | +15.4% | +13.5% | +8.6% |
| 2020 | -38.6% | -47.1% | +7.6% |
| 2019 | -18.4% | +6.5% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raleigh Academy Of Chinese Language has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raleigh Academy Of Chinese Language with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
Frequently Asked Questions about Raleigh Academy Of Chinese Language
Is Raleigh Academy Of Chinese Language a legitimate charity?
Raleigh Academy Of Chinese Language (EIN: 582190391) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $324K. No red flags identified. Financial health grade: A.
How does Raleigh Academy Of Chinese Language spend its money?
Raleigh Academy Of Chinese Language reported $324K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raleigh Academy Of Chinese Language tax-deductible?
Raleigh Academy Of Chinese Language is registered as a tax-exempt nonprofit (EIN: 582190391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raleigh Academy Of Chinese Language located?
Raleigh Academy Of Chinese Language is headquartered in Raleigh, North Carolina and files with the IRS under EIN 582190391. It is classified under NTEE code B26Z.
How many years of IRS 990 filings does Raleigh Academy Of Chinese Language have?
Raleigh Academy Of Chinese Language has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $324K in total revenue.
Filing History
IRS 990 filing history for Raleigh Academy Of Chinese Language showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raleigh Academy Of Chinese Language's revenue has declined by 6.5%, moving from $205K to $192K. Total assets increased by 108.4% over the same period, from $214K to $446K. Total functional expenses fell by 11%, from $191K to $170K. In its most recent filing year (2023), Raleigh Academy Of Chinese Language reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $192K | $170K | $446K | $0 | — | — |
| 2022 | $144K | $156K | $424K | $0 | — | View 990 |
| 2021 | $143K | $108K | $437K | $0 | — | View 990 |
| 2020 | $124K | $95K | $402K | $0 | — | View 990 |
| 2019 | $202K | $180K | $374K | $0 | — | View 990 |
| 2018 | $247K | $169K | $352K | $0 | — | View 990 |
| 2017 | $174K | $184K | $275K | $0 | — | View 990 |
| 2016 | $233K | $218K | $285K | $0 | — | View 990 |
| 2015 | $279K | $204K | $269K | $0 | — | View 990 |
| 2014 | $220K | $216K | $194K | $0 | — | View 990 |
| 2013 | $240K | $206K | $191K | $0 | — | View 990 |
| 2012 | $163K | $221K | $157K | $0 | — | View 990 |
| 2011 | $205K | $191K | $214K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $192K, expenses of $170K, and assets of $446K (revenue +33.8% year-over-year).
- 2022: Revenue of $144K, expenses of $156K, and assets of $424K (revenue +0.4% year-over-year).
- 2021: Revenue of $143K, expenses of $108K, and assets of $437K (revenue +15.4% year-over-year).
- 2020: Revenue of $124K, expenses of $95K, and assets of $402K (revenue -38.6% year-over-year).
- 2019: Revenue of $202K, expenses of $180K, and assets of $374K (revenue -18.4% year-over-year).
- 2018: Revenue of $247K, expenses of $169K, and assets of $352K (revenue +42.0% year-over-year).
- 2017: Revenue of $174K, expenses of $184K, and assets of $275K (revenue -25.4% year-over-year).
- 2016: Revenue of $233K, expenses of $218K, and assets of $285K (revenue -16.2% year-over-year).
- 2015: Revenue of $279K, expenses of $204K, and assets of $269K (revenue +26.6% year-over-year).
- 2014: Revenue of $220K, expenses of $216K, and assets of $194K (revenue -8.5% year-over-year).
- 2013: Revenue of $240K, expenses of $206K, and assets of $191K (revenue +47.0% year-over-year).
- 2012: Revenue of $163K, expenses of $221K, and assets of $157K (revenue -20.4% year-over-year).
- 2011: Revenue of $205K, expenses of $191K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raleigh Academy Of Chinese Language:
Data Sources and Methodology
This transparency report for Raleigh Academy Of Chinese Language 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.