Is Rise Housing And Support Services Inc Legit?

Rise Housing And Support Services Inc demonstrates a strong and improving financial trajectory. The organization has shown consistent revenue growth, with a significant jump from $7,389,021 in 2022 to $11,977,105 in 2023, and a reported latest revenue of $17,006,596. This growth is accompanied by a healthy asset base, increasing from $4,960,449 in 2022 to $9,302,369 in 2023, indicating good financial management and capacity building. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $10,481,257 against $11,977,105 in revenue, allowing for asset accumulation. The organization's spending efficiency appears robust, with a clear focus on program delivery. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the consistent positive net income suggests efficient operations. A notable strength is the reported 0% officer compensation across all available filings, which speaks volumes about the organization's commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its transparency and trustworthiness. Overall, Rise Housing And Support Services Inc appears to be a financially healthy and well-managed nonprofit. Its growth, asset accumulation, and lack of officer compensation are strong indicators of a transparent and mission-focused entity. The consistent positive net income in recent years, particularly the substantial surplus in 2023, positions it well for continued impact.