Rise Institute for Literacy Inc

Analysis

Rise Institute for Literacy Inc is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rise Institute for Literacy Inc reported income of $120k and spending of $129k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $231k to $120k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rise Institute for Literacy Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within UT. Charities of a similar size with the same main cause include Seguin High School Band Boosters Inc ($120k), Gilmanton Year Round Library Association ($120k) and Grayson County High School Band Boosters Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 26% of the total. At year end it held assets of $53k against liabilities of $4,099, net assets of $49k.