Rising Hope Foundation

Analysis

Rising Hope Foundation is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hope Foundation reported income of $87k and spending of $109k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $87k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 298%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Hope Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Uncuffed Project Inc ($87k), Clean Water in Africa Inc ($87k) and Chisago County Life Care Center ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $29k (27% of expenses). Other salaries and wages came to $11k. At year end it held assets of $242k against liabilities of $120k, net assets of $122k.