Worth Rises Inc

Analysis

Worth Rises Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Worth Rises Inc reported income of $4.4m and spending of $2.4m, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.0m to $4.4m (+322%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 305%. Over the whole period it spent 47% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Worth Rises Inc 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 89th percentile within NY. Charities of a similar size with the same main cause include Southern Coalition for Socialjustice ($4.4m), Arc Alliance Advocacy Services ($4.4m) and Anderson County Detention Facilities Corporation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $736k (31% of expenses). Other salaries and wages came to $435k. At year end it held assets of $7.1m against liabilities of $108k, net assets of $7.0m. It reported 15 employees.