Arise Academy

Analysis

Arise Academy is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arise Academy reported income of $11.2m and spending of $10.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.4m to $11.2m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arise Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Associated Students California State University ($11.2m), Manor College ($11.2m) and Westside School ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $175k (1.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $4.4m against liabilities of $1.5m, net assets of $2.9m. It reported 90 employees.