On the Rise Inc

Analysis

On the Rise Inc is a registered charity in United States, based in Barstow, CA. It received its IRS tax-exemption ruling in January 2015, 11 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, On the Rise Inc reported income of $5.1m and spending of $5.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.8m to $5.1m (-13%), an average of -3.4% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, On the Rise Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Openhouse ($5.1m), FMH Foundation ($5.1m) and Asian Community Development Corp ($5.1m).

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 $168k (3.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $797k against liabilities of $592k, net assets of $205k. It reported 54 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.