Rise Southeast Raleigh Charter School Inc

Analysis

Rise Southeast Raleigh Charter School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in November 2015, 11 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, Rise Southeast Raleigh Charter School Inc reported income of $6.8m and spending of $7.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.8m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rise Southeast Raleigh Charter School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Arete Preparatory Academy ($6.8m), Icahn Charter School 5 ($6.8m) and Dr Howard Fuller Collegiate Academy Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $121k (1.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $898k against liabilities of $291k, net assets of $606k. It reported 89 employees.