X โ€” Religion-RelatedEIN: 200496814ยท Ruling Year: 2004

North Raleigh Ministries Inc

Raleigh, North Carolina

A-Health Score
82A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$4.3M
Total Revenue
๐Ÿ“Š
$3.7M
Total Expenses
๐Ÿฆ
$4.4M
Net Assets
๐Ÿ“‹
$2.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-14.6%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+15.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.19
Net assets divided by total expenses
Liabilities-to-Assets
34.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,318,458โ†“15%$3,671,374โ†‘10%$6,684,513โ†‘6%
2022$5,054,097โ†‘46%$3,338,870โ†‘21%$6,285,593โ†‘180%
2021$3,470,740โ†‘16%$2,767,713โ†“7%$2,243,323โ†‘23%
2020$2,985,740โ†‘16%$2,985,502โ†‘33%$1,824,190โ†‘18%
2019$2,571,056โ†‘15%$2,239,995โ†‘12%$1,551,505โ†‘29%
2018$2,227,149โ†‘9%$1,996,595โ†‘11%$1,201,165โ†‘25%
2017$2,048,519โ†‘41%$1,801,450โ†‘51%$960,599โ†‘32%
2016$1,457,549โ†‘41%$1,191,292โ†‘12%$728,719โ†‘67%
2015$1,036,431โ†“23%$1,063,747โ†“17%$437,272โ†“21%
2014$1,354,205โ†“6%$1,277,050โ†‘4%$551,429โ†‘16%
2013$1,442,633โ†‘29%$1,230,892โ†‘14%$477,021โ†‘88%
2012$1,115,459โ†‘22%$1,081,240โ†‘19%$253,531โ†‘15%
2011$914,850$910,848$220,744

Frequently Asked Questions

What does North Raleigh Ministries Inc do?โ–ผ

North Raleigh Ministries Inc is a religion-related nonprofit organization based in North Carolina. It is classified under NTEE code X20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is North Raleigh Ministries Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, North Raleigh Ministries Inc has a score of 82/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does North Raleigh Ministries Inc generate?โ–ผ

North Raleigh Ministries Inc reports $5.6M in annual revenue and holds $8.0M in total assets, based on IRS filings.

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North Raleigh Ministries Inc โ€” Raleigh, NC | GiveScope