Foundation for Students Rising Above

Analysis

Foundation for Students Rising Above is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Foundation for Students Rising Above reported income of $4.2m and spending of $5.4m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.2m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2020, when income rose by 192%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Students Rising Above sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Lenawee Community Foundation ($4.2m), Bainbridge Community Foundation ($4.2m) and Blueprint Washington Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $237k (4.4% of expenses). Other salaries and wages came to $3.0m. It paid $6,997 in professional fundraising fees. At year end it held assets of $9.0m against liabilities of $85k, net assets of $9.0m. It reported 72 employees.