Cfo Rising Inc

Analysis

Cfo Rising Inc is a registered charity in United States, based in Clifton, VA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cfo Rising Inc reported income of $248k and spending of $168k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $248k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cfo Rising Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Serve Reedley Inc ($248k), Hola Lakeway ($248k) and Strive and Succeed Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $8,373, net assets of $144k.