Passes our checks

The Raleigh Fine Arts Society Inc

EIN 56-6073681 · Raleigh, NC

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO CULTIVATE, PRODUCE AND ENGAGE IN THE ARTS AND CREATE A FLOURISHING ARTS COMMUNITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 85 out of 100.

Reserves
35 of 35
Spendable reserves would cover 51.7 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 51% of income.
Income trend
15 of 15
Income rose 30% on the year before.
Spending floor
15 of 15
79% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 68 out of 100.

Independent board
25 of 25
15 of 15 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)

$42,980 spent. THE CHORAL CELEBRATION ALLOWS ELEMENTARY SCHOOL STUDENTS THE OPPORTUNITY TO PERFORM IN PUBLIC VENUES AND TO BE CRITIQUED BY ADJUDICATORS. THE SOCIETY HAD 11 PARTICIPATING SCHOOLS, INCLUDING 2 NEW SCHOOLS. OVER 500 STUDENTS WERE INVOLVED IN THIS TWO-NIGHT EVENT AND OVER 1,800 PEOPLE ATTENDED (INCLUDING THE STUDENTS).
$85,648 spent. THE ARTISTS' EXHIBITION IS AN ANNUAL STATEWIDE EVENT THAT OFFERS ARTISTS AN OPPORTUNITY TO PRESENT THEIR WORK AND BE JURIED BY A RENOWNED ART PROFESSIONAL. THE EXHIBIT FEATURED 57 ARTISTS AND 58 WORKS FROM 420 ARTISTS WHO APPLIED FROM ALL OVER NORTH CAROLINA.
$20,739 spent. THE LITERARY CONTEST IS OPEN TO STUDENTS IN WAKE COUNTY, PUBLIC OR PRIVATE. STUDENTS PRESENT A SPOKEN WORD CREATION, AND WINNERS ARE CHOSEN BY A NOTED SPOKEN WORD ARTIST. WINNERS PRESENT THEIR WORKS AT AN AWARDS CEREMONY, AND CASH PRIZES ARE GIVEN.
$306,660 spent. THE SOCIETY HAS VARIOUS OTHER PROGRAMS AND SERVICES WHICH ENCOURAGE INVOLVEMENT IN AND PROMOTION OF FINE ARTS IN THE COMMUNITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1966.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.