Rising Hope Farms Inc

Analysis

Rising Hope Farms Inc is a registered charity in United States, based in Claremont, NC. It received its IRS tax-exemption ruling in November 2009, 17 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 July 2024, Rising Hope Farms Inc reported income of $107k and spending of $78k, leaving 28% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $100k to $107k (+7.0%), an average of +7.0% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Hope Farms Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Hannahs Hands International Inc ($107k), Per Niente Inc ($107k) and The Records People for People Fund Inc ($107k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 82% and program service revenue 5.5% of the total. At year end it held assets of $390k against liabilities of $2,865, net assets of $387k.