Raising Arrows Academy Inc

Analysis

Raising Arrows Academy Inc is a registered charity in United States, based in Harrisburg, NC. It received its IRS tax-exemption ruling in November 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Raising Arrows Academy Inc reported income of $363k and spending of $284k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income grew from $51k to $363k (+615%), an average of +615% a year. The sharpest change came in the year to June 2022, when income rose by 615%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raising Arrows Academy Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include The Common Good Inc ($363k), Marrs McLean Trust ($363k) and Jewish Family Services Supporting Foundation ($363k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $207k. At year end it held assets of $98k against liabilities of $0, net assets of $98k. It reported 21 employees.