Raising the Floor - US Inc

Analysis

Raising the Floor - US Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 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, Raising the Floor - US Inc reported income of $426k and spending of $450k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $426k (-88%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raising the Floor - US Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include National Inclusion Project Inc ($426k), American Jump Rope Federation ($426k) and Arkansas Land and Farm Development Corp ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (7.0% of expenses). Other salaries and wages came to $83k. At year end it held assets of $227k against liabilities of $41k, net assets of $185k. It reported 3 employees.

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.