Rise Scholars Incorporated

Analysis

Rise Scholars Incorporated is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. 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, Rise Scholars Incorporated reported income of $595k and spending of $282k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $249k to $595k (+139%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rise Scholars Incorporated 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 74th percentile within CA. Charities of a similar size with the same main cause include Trumbull Manor Inc ($595k), Economic Development Corporation of Shasta County ($595k) and Susan H & Wilbur H Marcy Trust ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $4,594. At year end it held assets of $753k against liabilities of $20k, net assets of $733k. It reported 1 employees.