Rise Early Learning Center

Analysis

Rise Early Learning Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 Early Learning Center reported income of $773k and spending of $328k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $212k to $773k (+265%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rise Early Learning Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include The Saint Louis County Agricultural Fair Association ($773k), Leadership Center of Arlington ($773k) and Gallantfew Inc ($773k).

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 $78k (24% of expenses). Other salaries and wages came to $103k. It paid $32k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $146k, net assets of $1.2m. It reported 12 employees.