Rise Memphis Inc

Analysis

Rise Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2002, 24 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 April 2023, Rise Memphis Inc reported income of $1.3m and spending of $1.0m, leaving 21% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $919k to $1.3m (+40%), an average of +12% a year. The sharpest change came in the year to April 2023, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rise Memphis Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Karimu International Help Foundation ($1.3m), Wood County Agricultural Society ($1.3m) and Khmer Community of Seattle-King County ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $141k (14% of expenses). Other salaries and wages came to $433k. At year end it held assets of $1.8m against liabilities of $252k, net assets of $1.5m. It reported 15 employees.