Rise Ltd

Analysis

Rise Ltd is a registered charity in United States, based in Elkader, IA. It received its IRS tax-exemption ruling in May 1981, 45 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 June 2023, Rise Ltd reported income of $3.6m and spending of $3.0m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $3.6m (+39%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rise Ltd sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Womens Bean Project ($3.6m), Lower Shore Enterprises Inc ($3.6m) and North End Community Improvement Collaborative Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $113k (3.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.5m against liabilities of $601k, net assets of $5.9m. It reported 57 employees.