Memphis Rise Academy Inc

Analysis

Memphis Rise Academy Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 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 2023, Memphis Rise Academy Inc reported income of $11.2m and spending of $11.7m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $11.2m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Rise Academy Inc 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 TN. Charities of a similar size with the same main cause include Tgs-Think Global School Inc ($11.2m), Pantego Christian Academy Inc ($11.2m) and Flagstaff Academy Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $124k (1.1% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $16.8m against liabilities of $12.1m, net assets of $4.7m. It reported 118 employees.