Rise Preparatory Charter School Inc

Analysis

Rise Preparatory Charter School Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. 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 Preparatory Charter School Inc reported income of $12.7m and spending of $11.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $12.7m (+155%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rise Preparatory Charter School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Foundation for Health Leadership and Innovation Incorporated ($12.7m), Northeast Entrepreneur Fund Inc ($12.8m) and Community Action Agency of St Louis County Inc ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $20.6m against liabilities of $22.7m, net assets of -$2.1m.