North Raleigh Arts & Creative Theatre is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 2004, with $379,260 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$379K
▼ 3.6% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$395K
Net assets
$367K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for North Raleigh Arts & Creative Theatre— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For North Raleigh Arts & Creative Theatre: 11 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for North Raleigh Arts & Creative Theatre— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For North Raleigh Arts & Creative Theatre: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $207K (FY2015) to $379K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-4.2%
Spent more than it raised in the latest fiscal year.
Total assets
$642K
Total liabilities
$275K
Net assets
$367K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $379,260▼3.6% | $395,313▲1.4% | $367,018▼4.2% | $642,301▼13.0% | 990 |
| 2023 | $393,275▲9.8% | $389,961▲12.8% | $383,071▲0.9% | $738,422▼6.3% | 990 |
| 2022 | $358,095▲2.8% | $345,738▲31.0% | $379,757▲3.4% | $788,268▲52.9% | 990 |
| 2021 | $348,352▲178% | $263,850▲259% | $367,400▲24.2% | $515,384▲24.3% | 990 |
| 2020 | $125,121▼53.0% | $73,398▼68.6% | $295,783▲73.1% | $414,685▲120% | 990 |
| 2019 | $266,090▲12.7% | $233,718▲7.1% | $170,915▲33.9% | $188,384▲44.1% | 990 |
| 2018 | $236,069▼2.4% | $218,147▲13.8% | $127,674▲16.3% | $130,712▲15.5% | 990 |
| 2017 | $241,947▲17.1% | $191,635▼0.9% | $109,752▲84.6% | $113,159▲87.2% | 990 |
| 2016 | $206,542▼0.3% | $193,358▲2.6% | $59,440▲28.5% | $60,445▲23.8% | 990 |
| 2015 | $207,257 | $188,381 | $46,256 | $48,831 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to North Raleigh Arts & Creative Theatre totaling $41K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | General support | 2024 | $6,006 |
| Network For Good Inc | Unrestricted | 2023 | $9,668 |
| Paypal Charitable Giving Fund | — | 2023 | $7,803 |
| Network For Good Inc | Unrestricted | 2020 | $17,389 |
Explore more
Data for North Raleigh Arts & Creative Theatre (EIN 42-1540362) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.