On the Rise Inc

Analysis

On the Rise Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1996, 30 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, On the Rise Inc reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+31%), an average of +7.0% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, On the Rise Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include More Maitri Inc ($2.1m), The City Lights Foundation of Oklahoma ($2.1m) and Center for Disabilities ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $174k (8.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.7m against liabilities of $106k, net assets of $3.6m. It reported 23 employees.