Rising Together Foundation

Analysis

Rising Together Foundation is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in May 2020, 6 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 Together Foundation reported income of $118k and spending of $139k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $118k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rising Together Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Friends of Howell Station ($118k), Iowas West Coast Initiative ($118k) and Houston Junior Forum Endowment Fund Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $500 against liabilities of $0, net assets of $500.