Raising Spirits Inc

Analysis

Raising Spirits Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Raising Spirits Inc reported income of $98k and spending of $83k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $98k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Raising Spirits Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within IN. Charities of a similar size with the same main cause include Making Miracles Support Foundation ($98k), Rotary Club of Orange Foundation Inc ($98k) and Flywire Charitable Foundation ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.