Rise Richmond Inc

Analysis

Rise Richmond Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 August 2023, Rise Richmond Inc reported income of $3.0m and spending of $3.2m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $3.0m (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Rise Richmond Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Student Legal Services Inc ($3.0m), Center for Immigration Studies Inc ($3.0m) and Capital District Womens Bar Association Legal Project Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $78k (2.4% of expenses). At year end it held assets of $2.5m against liabilities of $137k, net assets of $2.3m. It reported 84 employees.