Rising River Corporation

Analysis

Rising River Corporation is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in May 2004, 22 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, Rising River Corporation reported income of $261k and spending of $339k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $261k (+184%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rising River Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include The Preston Public Library ($261k), Leadership Greater McHenry County Inc ($261k) and Digital Bridge Builders Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $80k (24% of expenses). Other salaries and wages came to $27k. At year end it held assets of $8,278 against liabilities of $56k, net assets of -$48k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.