Archangel Raphael Academy

Analysis

Archangel Raphael Academy is a registered charity in United States, based in Matawan, NJ. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Archangel Raphael Academy reported income of $1.1m and spending of $944k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $1.1m (+581%), an average of +581% a year. The sharpest change came in the year to December 2023, when income rose by 581%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Archangel Raphael Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include National Farmers Union Foundation ($1.1m), Feed Clothe and Help ($1.1m) and Family Support Council of Douglas County ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $611k. At year end it held assets of $130k against liabilities of $4,200, net assets of $125k. It reported 68 employees.