Rising Phoenix

Analysis

Rising Phoenix is a registered charity in United States, based in Wadena, MN. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rising Phoenix reported income of $708k and spending of $658k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $795k to $708k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Phoenix sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Riverbend Family Ministries NFP ($708k), Veterans Legacy ($708k) and Take the Lead Inc ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 63% of the total. Other salaries and wages came to $428k. At year end it held assets of $454k against liabilities of $39k, net assets of $414k. It reported 46 employees.