Rising Ground Inc

Analysis

Rising Ground Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1949, 77 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Rising Ground Inc reported income of $215.6m and spending of $154.4m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $105.2m to $215.6m (+105%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 67%. 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, Rising Ground Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Humangood Norcal ($214.6m), People Inc ($216.1m) and Family Support Services of North Florida Inc ($211.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.8m (1.2% of expenses). Other salaries and wages came to $82.5m. At year end it held assets of $101.6m against liabilities of $68.6m, net assets of $33.0m. It reported 1,902 employees.