Raise the Roof Academy

Analysis

Raise the Roof Academy is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Raise the Roof Academy reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $995k to $1.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Raise the Roof Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include The Colossian Forum ($1.3m), Belz 2008 Foundation ($1.3m) and Mauldin Ministries Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (6.3% of expenses). At year end it held assets of $264k against liabilities of $7,150, net assets of $257k. It reported 4 employees.