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North Carolina · Nonprofit

NORTH RALEIGH CHRISTIAN ACADEMY INC

NORTH RALEIGH CHRISTIAN ACADEMY INC (North Carolina) receives grants from 21 organizations whose IRS filings report $411,026 to it, the largest being BONNER FAMILY PRIVATE FOUNDATION ($75,000). 14 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$18M
Funders on record
21
Grants received
$411k
Net assets
$45M
14/21 repeat funderspeak grant-dependency 0%
01What it does

What North Raleigh Christian Academy Inc does

Mission

Nrca is a community christian school assisting families in providing excellence in academics, fine arts, and athletics while instilling biblical principles in students' lives that they might impact their society for christ.

As stated on its FY2025 Form 990.

Program

  1. Nrca is a learning institution for those seeking a christ-centered place of excellence in academics, fine arts and athletics. The loving and caring environment nurtures students in spiritual and academic disciplines so they can launch into adult life equipped with godly character, academic preparedness and life skills. Our expected student outcomes of spiritual formation, worldview orientation, academic thinking, and skills development are integrated to fulfill the spiritual and academic goals of nrca. Our mission is not only to teach students how to make a living (academic thinking and skills development) but how to make a life (spiritual formation and worldview orientation). In addition to academics, students participate in athletics, fine arts (art, choir, dance, drama, band), social activities and aftercare.

    $14,773,060 spentof which $174,640 as grants$12,688,333 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $14,773,060.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($14M) Expenses 100 ($14M) Net assets 100 ($37M)2018 Revenue 100 ($14M) Expenses 100 ($14M) Net assets 101 ($37M)2019 Revenue 101 ($14M) Expenses 101 ($14M) Net assets 102 ($38M)2020 Revenue 100 ($14M) Expenses 100 ($14M) Net assets 103 ($38M)2021 Revenue 110 ($16M) Expenses 96 ($13M) Net assets 109 ($40M)2022 Revenue 112 ($16M) Expenses 104 ($14M) Net assets 113 ($42M)2023 Revenue 115 ($16M) Expenses 112 ($16M) Net assets 115 ($43M)2024 Revenue 133 ($19M) Expenses 121 ($17M) Net assets 121 ($45M)2025 Revenue 127 ($18M) Expenses 126 ($17M) Net assets 123 ($45M)
'17'18'19'20'21'22'23'24'25
Revenue (127)Expenses (126)Net assets (123)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $52M to $55M (+5%).

$45M
$45M
$45M
$47M
$49M
$51M
$52M
$55M
$53M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 10% · 2022 2% · 2023 3% · 2024 10%. Grants only. Government contracts and fees sit inside program revenue.

2% of NORTH RALEIGH CHRISTIAN ACADEMY INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$366k
’17
$377k
’18
$346k
’19
$378k
’20
$2.3M
’21
$1.5M
’22
$767k
’23
$2.2M
’24
$559k
’25
11
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed151516181819171720
Joined·+0+1+2+1+3+2+1+3
No longer listed·00012410
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 4 funders to 9 funders, grant income rose $26k → $78k.

9 of 21 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 54% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of NORTH RALEIGH CHRISTIAN ACADEMY INC’s funders (the co-funder graph). Top 20 of 21 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

NORTH RALEIGH CHRISTIAN ACADEMY INC has a broad base — no single funder exceeds 18% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NORTH RALEIGH CHRISTIAN ACADEMY INC.

18%
largest funder
51%
top three
~8
effective funders

Largest funder’s share by year: 2017 41% · 2018 37% · 2019 41% · 2020 63% · 2021 31% · 2022 23% · 2023 62% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

25% of NORTH RALEIGH CHRISTIAN ACADEMY INC's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

54% of NORTH RALEIGH CHRISTIAN ACADEMY INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $188k that is directly attributable, 71% of it comes from funders outside North Carolina, across 8 states.

NY
MA
PA
MO
NC
SC
OK
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $223k arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NORTH RALEIGH CHRISTIAN ACADEMY INC holds deeper cash reserves than three-quarters of the 3,758 education nonprofits its size.

Operating margin3% · below the median
Months of reserve11.1mo · top quartile
Revenue growth (annualized)3% · bottom quartile

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Organizations like NORTH RALEIGH CHRISTIAN ACADEMY INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 15%Fundraising 0%

Governance

14
board members
79%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for NORTH RALEIGH CHRISTIAN ACADEMY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NORTH RALEIGH CHRISTIAN ACADEMY INC?
NORTH RALEIGH CHRISTIAN ACADEMY INC (North Carolina) receives grants from 21 organizations whose IRS filings report $411,026 to it, the largest being BONNER FAMILY PRIVATE FOUNDATION ($75,000). 14 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does NORTH RALEIGH CHRISTIAN ACADEMY INC have?
IRS filings report 21 organizations giving $411,026 in grants to NORTH RALEIGH CHRISTIAN ACADEMY INC, 14 of which have funded it in more than one year.
Who is the largest funder of NORTH RALEIGH CHRISTIAN ACADEMY INC?
BONNER FAMILY PRIVATE FOUNDATION is the largest funder on record, with $75,000 in grants. The full list of funders is on this page.
How can an organization like NORTH RALEIGH CHRISTIAN ACADEMY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds North Raleigh Christian Academy →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 21 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing