Risalah Academy

Analysis

Risalah Academy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2020, 6 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, Risalah Academy reported income of $98k and spending of $103k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $98k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Risalah Academy sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Meals on Wheels - South Shore ($98k), Laing Middle School Orchestra Boosters ($98k) and Sails of Freedom Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $4,814, net assets of -$4,814.