Rising Above the Storms

Analysis

Rising Above the Storms is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in August 2014, 12 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 Above the Storms reported income of $124k and spending of $97k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $124k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Above the Storms sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Gastonia Potters House Inc ($124k), Pueblo Community Soup Kitchen Inc ($124k) and Hometown Heroes of Walton Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.