Rainier Valley Leadership Academy

Analysis

Rainier Valley Leadership Academy is a registered charity in United States, based in Seattle, WA. 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 August 2023, Rainier Valley Leadership Academy reported income of $6.0m and spending of $6.2m, spending 104% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $2.3m to $6.0m (+163%), an average of +21% a year. The sharpest change came in the year to August 2019, when income rose by 487%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainier Valley Leadership Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Ararat Charter School ($6.0m), Metropolitan Children and Youth Inc ($6.0m) and Long Beach City College Foundation ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $436k (7.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $12.1m against liabilities of $11.9m, net assets of $134k. It reported 57 employees.