Rise Arts Center of Baltimore Inc

Analysis

Rise Arts Center of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rise Arts Center of Baltimore Inc reported income of $148k and spending of $162k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $148k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rise Arts Center of Baltimore Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Shae Foundation ($148k), Metropolitan Repertory Company Inc ($148k) and Northwest Choir Resources ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. At year end it held assets of $14k against liabilities of $32k, net assets of -$18k.