Rise Community Development

Analysis

Rise Community Development is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Development reported income of $1.2m and spending of $2.5m, spending 217% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $870k to $1.2m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 200% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rise Community Development sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Mount Carmel Housing Inc ($1.2m), Caritas Corporation ($1.2m) and Mapes Boulevard H D F C Corp ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $668k (27% of expenses). Other salaries and wages came to $494k. At year end it held assets of $2.1m against liabilities of $4.7m, net assets of -$2.6m.

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.