Arrow Academy of Excellence

Analysis

Arrow Academy of Excellence is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2014, 12 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 2024, Arrow Academy of Excellence reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $833k to $1.6m (+91%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arrow Academy of Excellence sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Childrens Alliance Resource Network Inc ($1.6m), St John Neumann Academy ($1.6m) and American Alumni of Glasgow University Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $933k. At year end it held assets of $1.3m against liabilities of $902k, net assets of $447k. It reported 22 employees.