Carolina Rise

Analysis

Carolina Rise is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Carolina Rise reported income of $692k and spending of $701k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $692k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolina Rise 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 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Elkhorn Valley Christian Service Camp ($692k), Metropolitan Equestrian Team Inc ($692k) and Eagle Impact Rugby Academy ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. At year end it held assets of $26k against liabilities of $9,578, net assets of $17k.