Memphis Rise Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 0 | 0 | 0 | — | — |
| 2015 | 1,706,363 | 1,229,328 | 477,035 | 4.8 | 51% |
| 2016 | 2,224,174 | 1,980,370 | 243,804 | 4.5 | 60% |
| 2017 | 4,687,351 | 3,111,654 | 1,575,697 | 8.8 | 53% |
| 2018 | 5,002,593 | 5,647,625 | −645,032 | 3.3 | 50% |
| 2019 | 7,157,103 | 6,336,492 | 820,611 | 4.5 | 58% |
| 2020 | 7,709,508 | 6,979,412 | 730,096 | 5.6 | 54% |
| 2021 | 9,374,095 | 8,310,980 | 1,063,115 | 6.2 | 54% |
| 2022 | 10,468,134 | 9,572,999 | 895,135 | 6.5 | 53% |
| 2023 | 11,167,664 | 11,693,534 | −525,870 | 4.8 | 53% |
In its most recent public year (2023), this organization spent $525,870 more than it brought in. Its reserves stood at about 4.8 months of spending. Staff pay was 53% of spending. $1,071,115 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Memphis Rise Academy Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works