Raphael Academy

Analysis

Raphael Academy is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Raphael Academy reported income of $541k and spending of $402k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $229k to $541k (+136%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raphael Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Brazos Valley Regional Advisory Council ($541k), Arthurdale Heritage Inc ($541k) and Indiana Japanese Language School Inc ($541k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $20k (5.1% of expenses). Other salaries and wages came to $198k. At year end it held assets of $186k against liabilities of $89k, net assets of $97k. It reported 15 employees.