Rise Together Innovation Center Inc

Analysis

Rise Together Innovation Center Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2021, 5 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, Rise Together Innovation Center Inc reported income of $2.5m and spending of $2.6m, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $210k to $2.5m (+1091%), an average of +128% a year. The sharpest change came in the year to December 2022, when income rose by 439%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rise Together Innovation Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Emerging Prairie ($2.5m), Potlikker Capital ($2.5m) and Heights Foundation Inc ($2.5m).

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 $300k (11% of expenses). Other salaries and wages came to $162k. At year end it held assets of $869k against liabilities of $0, net assets of $869k.