Newfound Riseup Fund

Analysis

Newfound Riseup Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Newfound Riseup Fund reported income of $142k and spending of $208k, spending 146% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $245k to $142k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newfound Riseup Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Freedom Housing Corporation ($142k), Orchard Housing Development Fund Company Inc ($142k) and Stevenson Land Corporation ($142k).

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 $34k against liabilities of $0, net assets of $34k. It reported 2 employees.