Nevada Rise Academy Inc

Analysis

Nevada Rise Academy Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in March 2017, 9 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, Nevada Rise Academy Inc reported income of $4.5m and spending of $4.5m, spending 98% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $240k to $4.5m (+1793%), an average of +80% a year. The sharpest change came in the year to June 2019, when income rose by 464%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nevada Rise Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NV. Charities of a similar size with the same main cause include Shares Inc ($4.5m), Pioneer Institute Inc ($4.5m) and Ready to Succeed ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $169k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.4m against liabilities of $4.9m, net assets of $1.5m. It reported 57 employees.