Rising Sun Foundation Inc

Analysis

Rising Sun Foundation Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Rising Sun Foundation Inc reported income of $130k and spending of $113k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $188k to $130k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Rising Sun Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Hillsboro House of Hope Inc ($129k), Virginia Peer Support Association Inc ($130k) and Gobi Support Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $142k against liabilities of $113k, net assets of $28k.