Raphael Academy
EIN: 582011105 · New Orleans, LA
| Metric | Value |
|---|---|
| Total Revenue | $213K |
| Total Expenses | $402K |
| Net Assets | $97K |
Is Raphael Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raphael Academy
Raphael Academy (EIN: 582011105) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $213K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raphael Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raphael Academy is a small nonprofit that has been operating for 34 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $541K |
| Total Expenses | $402K |
| Surplus / Deficit | +$139K |
| Total Assets | $186K |
| Total Liabilities | $89K |
| Net Assets | $97K |
| Operating Margin | 25.7% |
| Debt-to-Asset Ratio | 47.8% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Raphael Academy reported a surplus of $139K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 47.8% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Raphael Academy's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +111.2% | +18.9% | -50.2% |
| 2022 | -13.0% | +11.6% | -15.0% |
| 2021 | +28.4% | +6.5% | -3.3% |
| 2020 | -26.9% | -32.8% | -55.3% |
| 2019 | -65.6% | -30.4% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raphael Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raphael Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $139K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.8%.
Frequently Asked Questions about Raphael Academy
Is Raphael Academy a legitimate charity?
Raphael Academy (EIN: 582011105) is a registered tax-exempt nonprofit based in Louisiana. It has 11 years of IRS 990 filings on record. Total revenue: $213K. No red flags identified. Financial health grade: A.
How does Raphael Academy spend its money?
Raphael Academy reported $213K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raphael Academy tax-deductible?
Raphael Academy is registered as a tax-exempt nonprofit (EIN: 582011105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raphael Academy located?
Raphael Academy is headquartered in New Orleans, Louisiana and files with the IRS under EIN 582011105.
How many years of IRS 990 filings does Raphael Academy have?
Raphael Academy has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $213K in total revenue.
Filing History
IRS 990 filing history for Raphael Academy showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Raphael Academy's revenue has grown by 323.5%, moving from $128K to $541K. Total assets decreased by 45.7% over the same period, from $342K to $186K. Total functional expenses rose by 236.9%, from $119K to $402K. In its most recent filing year (2023), Raphael Academy reported a surplus of $139K, with revenue exceeding expenses. The organization holds $89K in liabilities against $186K in assets (debt-to-asset ratio: 47.8%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $541K | $402K | $186K | $89K | — | View 990 |
| 2022 | $256K | $338K | $373K | $415K | — | View 990 |
| 2021 | $294K | $303K | $439K | $399K | — | View 990 |
| 2020 | $229K | $285K | $454K | $405K | — | View 990 |
| 2019 | $314K | $424K | $1.0M | $630K | — | View 990 |
| 2018 | $912K | $609K | $1.2M | $711K | — | View 990 |
| 2017 | $499K | $403K | $602K | $410K | — | View 990 |
| 2016 | $337K | $347K | $605K | $510K | — | View 990 |
| 2015 | $328K | $281K | $600K | $494K | — | View 990 |
| 2014 | $247K | $197K | $542K | $482K | — | — |
| 2013 | $128K | $119K | $342K | $332K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $541K, expenses of $402K, and assets of $186K (revenue +111.2% year-over-year).
- 2022: Revenue of $256K, expenses of $338K, and assets of $373K (revenue -13.0% year-over-year).
- 2021: Revenue of $294K, expenses of $303K, and assets of $439K (revenue +28.4% year-over-year).
- 2020: Revenue of $229K, expenses of $285K, and assets of $454K (revenue -26.9% year-over-year).
- 2019: Revenue of $314K, expenses of $424K, and assets of $1.0M (revenue -65.6% year-over-year).
- 2018: Revenue of $912K, expenses of $609K, and assets of $1.2M (revenue +82.8% year-over-year).
- 2017: Revenue of $499K, expenses of $403K, and assets of $602K (revenue +48.1% year-over-year).
- 2016: Revenue of $337K, expenses of $347K, and assets of $605K (revenue +2.8% year-over-year).
- 2015: Revenue of $328K, expenses of $281K, and assets of $600K (revenue +32.7% year-over-year).
- 2014: Revenue of $247K, expenses of $197K, and assets of $542K (revenue +93.2% year-over-year).
- 2013: Revenue of $128K, expenses of $119K, and assets of $342K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raphael Academy:
Data Sources and Methodology
This transparency report for Raphael Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.