Project Rising Hope

Analysis

Project Rising Hope is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Project Rising Hope reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.8m to $1.7m (-3.4%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Rising Hope sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Thriving Families ($1.7m), Cameron Youth Home Facilities Inc ($1.7m) and South Portland Food Cupboard ($1.7m).

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 $53k (3.1% of expenses). At year end it held assets of $106k against liabilities of $761, net assets of $105k. It reported 1 employees.