Rising Hope for Change Inc

Analysis

Rising Hope for Change Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 for Change Inc reported income of $188k and spending of $186k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $188k (+201%), an average of +200% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rising Hope for Change Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Blacquity SC ($188k), Prospect Heights Neighborhood Development Council ($188k) and Brunswick Sheriffs Charitable Foundation Inc ($188k).

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 $1 against liabilities of $0, net assets of $1.