Rise Academy

Analysis

Rise Academy is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Rise Academy reported income of $3.7m and spending of $2.9m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.7m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rise Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Regenesis Institute ($3.7m), Workwell Industries Inc ($3.7m) and Indianapolis Electrical Joint Apprenticeship Committee ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $4.3m against liabilities of $261k, net assets of $4.0m. It reported 37 employees.