Risewell Community Services Inc

Analysis

Risewell Community Services Inc is a registered charity in United States, based in West Babylon, NY. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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, Risewell Community Services Inc reported income of $56.8m and spending of $56.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.9m to $56.8m (+19%), an average of +4.3% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Risewell Community Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Medical Education Assistance Corporation ($56.7m), Mid-Pacific Institute ($56.8m) and Greater Lynn Senior Services Inc ($56.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $2.6m (4.7% of expenses). Other salaries and wages came to $21.3m. At year end it held assets of $45.7m against liabilities of $37.5m, net assets of $8.2m.