The Rise School of Austin

Analysis

The Rise School of Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2001, 25 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 July 2023, The Rise School of Austin reported income of $3.8m and spending of $2.6m, leaving 31% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.7m to $3.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to July 2022, when income rose by 53%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Rise School of Austin sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Association of Schools and Colleges of Optometry Inc ($3.8m), The Paris Review Foundation Inc ($3.8m) and Virginia Highlands Community College Educational Foundation Inc ($3.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $96k (3.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.7m against liabilities of $97k, net assets of $9.6m. It reported 53 employees.