Richard Allen Academy Inc

Analysis

Richard Allen Academy Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in June 2000, 26 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, Richard Allen Academy Inc reported income of $2.1m and spending of $1.7m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.1m (+34%), an average of +7.6% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richard Allen Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include North Alabama Center for Educational Excellence Inc ($2.1m), Edgewood Academy Inc ($2.1m) and Grassroots Power Project ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.7m against liabilities of $2.7m, net assets of -$932k.