Rise Incorporated

Analysis

Rise Incorporated is a registered charity in United States, based in Fridley, MN. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Incorporated reported income of $31.2m and spending of $32.7m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $33.2m to $31.2m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rise Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Goodwill Industries of Tulsa Inc ($31.2m), Aleutian-Pribilof Islands ($31.2m) and Opportunity Village Association for Retarded Citizens ($31.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $664k (2.0% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $32.2m against liabilities of $4.9m, net assets of $27.4m. It reported 1,090 employees.