Raleigh Business And Professional Network
EIN: 261521067 · Raleigh, NC · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $163K |
| Net Assets | $89K |
Is Raleigh Business And Professional Network Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raleigh Business And Professional Network
Raleigh Business And Professional Network (EIN: 261521067) is a nonprofit organization based in Raleigh, NC, classified under NTEE code S41. The organization reported total revenue of $176K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raleigh Business And Professional Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raleigh Business And Professional Network is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 23.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $163K |
| Surplus / Deficit | +$14K |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | 7.7% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Raleigh Business And Professional Network reported a surplus of $14K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Raleigh Business And Professional Network's revenue has grown at a compound annual growth rate (CAGR) of 23.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.9% | +44.4% | +17.8% |
| 2022 | +539.0% | +317.5% | +33.2% |
| 2021 | +30.8% | +149.6% | -6.3% |
| 2020 | -56.6% | -60.4% | +164.6% |
| 2019 | +57.4% | +21.8% | +154.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raleigh Business And Professional Network 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 Business And Professional Network 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 $14K, with revenue exceeding expenses.
Frequently Asked Questions about Raleigh Business And Professional Network
Is Raleigh Business And Professional Network a legitimate charity?
Raleigh Business And Professional Network (EIN: 261521067) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $176K. No red flags identified. Financial health grade: A.
How does Raleigh Business And Professional Network spend its money?
Raleigh Business And Professional Network reported $176K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raleigh Business And Professional Network tax-deductible?
Raleigh Business And Professional Network is registered as a tax-exempt nonprofit (EIN: 261521067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raleigh Business And Professional Network located?
Raleigh Business And Professional Network is headquartered in Raleigh, North Carolina and files with the IRS under EIN 261521067. It is classified under NTEE code S41.
How many years of IRS 990 filings does Raleigh Business And Professional Network have?
Raleigh Business And Professional Network has 12 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 $176K in total revenue.
Filing History
IRS 990 filing history for Raleigh Business And Professional Network showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Raleigh Business And Professional Network's revenue has grown by 883.7%, moving from $18K to $176K. Total assets increased by 2326.7% over the same period, from $4K to $89K. Total functional expenses rose by 727.4%, from $20K to $163K. In its most recent filing year (2023), Raleigh Business And Professional Network reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $163K | $89K | $0 | — | — |
| 2022 | $132K | $113K | $76K | $0 | — | View 990 |
| 2021 | $21K | $27K | $57K | $0 | — | — |
| 2020 | $16K | $11K | $61K | $43K | — | View 990 |
| 2019 | $36K | $27K | $23K | $4K | — | View 990 |
| 2018 | $23K | $22K | $9K | $0 | — | View 990 |
| 2017 | $26K | $24K | $8K | $0 | — | View 990 |
| 2016 | $23K | $23K | $6K | $0 | — | View 990 |
| 2015 | $23K | $23K | $6K | $0 | — | View 990 |
| 2014 | $22K | $19K | $6K | $0 | — | View 990 |
| 2013 | $10K | $9K | $4K | $0 | — | View 990 |
| 2012 | $18K | $20K | $4K | $375 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $163K, and assets of $89K (revenue +33.9% year-over-year).
- 2022: Revenue of $132K, expenses of $113K, and assets of $76K (revenue +539.0% year-over-year).
- 2021: Revenue of $21K, expenses of $27K, and assets of $57K (revenue +30.8% year-over-year).
- 2020: Revenue of $16K, expenses of $11K, and assets of $61K (revenue -56.6% year-over-year).
- 2019: Revenue of $36K, expenses of $27K, and assets of $23K (revenue +57.4% year-over-year).
- 2018: Revenue of $23K, expenses of $22K, and assets of $9K (revenue -12.2% year-over-year).
- 2017: Revenue of $26K, expenses of $24K, and assets of $8K (revenue +15.1% year-over-year).
- 2016: Revenue of $23K, expenses of $23K, and assets of $6K (revenue +0.8% year-over-year).
- 2015: Revenue of $23K, expenses of $23K, and assets of $6K (revenue +4.9% year-over-year).
- 2014: Revenue of $22K, expenses of $19K, and assets of $6K (revenue +119.2% year-over-year).
- 2013: Revenue of $10K, expenses of $9K, and assets of $4K (revenue -45.0% year-over-year).
- 2012: Revenue of $18K, expenses of $20K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raleigh Business And Professional Network:
Data Sources and Methodology
This transparency report for Raleigh Business And Professional Network 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.