Above the Rest Academy

Analysis

Above the Rest Academy is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Above the Rest Academy reported income of $369k and spending of $364k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $369k (+59%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Above the Rest Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Bangor Masonic Foundation ($369k), Friends of Club 21 ($369k) and Smsna Foundation ($369k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 103% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $84k. At year end it held assets of $186k against liabilities of $4,803, net assets of $181k.