Sowega Rising

Analysis

Sowega Rising is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in May 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sowega Rising reported income of $627k and spending of $561k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $257k to $627k (+144%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sowega Rising sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Producir Inc Una Corp de Desarrollo Comunal Y Econ Para Cubuy Y Lomas ($627k), Fund 17 ($627k) and World Strategic Forum Inc ($626k).

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 $225k (40% of expenses). At year end it held assets of $822k against liabilities of -$225, net assets of $823k. It reported 1 employees.