Rise Academy

Analysis

Rise Academy is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Rise Academy reported income of $3.3m and spending of $3.1m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $3.3m (+25%), an average of +5.7% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rise Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Ivy School a Montessori Charter ($3.3m), The New York City Leadership Center Inc ($3.3m) and Payne Pulliam School of Trade and Commerce Inc ($3.3m).

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 $100k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.2m against liabilities of $239k, net assets of $4.0m. It reported 57 employees.