Carolina Rise
EIN: 264065488 · Indian Trail, NC · NTEE: N62
Is Carolina Rise Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carolina Rise
Carolina Rise (EIN: 264065488) is a nonprofit organization based in Indian Trail, NC, classified under NTEE code N62. The organization reported total revenue of $725K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Rise's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Rise is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $701K |
| Surplus / Deficit | $-8,879 |
| Total Assets | $26K |
| Total Liabilities | $10K |
| Net Assets | $17K |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Carolina Rise reported a deficit of $9K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carolina Rise's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.3% | +31.0% | -7.4% |
| 2022 | +34.5% | +47.0% | -55.5% |
| 2021 | +168.2% | +138.6% | +225.3% |
| 2020 | -68.7% | -64.8% | -30.3% |
| 2019 | +2.2% | -5.5% | +1369.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carolina Rise has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carolina Rise with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.2%.
Frequently Asked Questions about Carolina Rise
Is Carolina Rise a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina Rise (EIN: 264065488) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carolina Rise spend its money?
Detailed spending breakdown data is not yet available for Carolina Rise. Check back for updated IRS 990 analysis.
Are donations to Carolina Rise tax-deductible?
Carolina Rise is registered as a tax-exempt nonprofit (EIN: 264065488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Carolina Rise showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carolina Rise's revenue has grown by 317.5%, moving from $166K to $692K. Total assets decreased by 57.8% over the same period, from $63K to $26K. Total functional expenses rose by 325.3%, from $165K to $701K. In its most recent filing year (2023), Carolina Rise reported a deficit of $9K, with expenses exceeding revenue. The organization holds $10K in liabilities against $26K in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $17K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $701K | $26K | $10K | — | View 990 |
| 2022 | $519K | $535K | $29K | $3K | — | — |
| 2021 | $386K | $364K | $64K | $22K | — | — |
| 2020 | $144K | $152K | $20K | $0 | — | View 990 |
| 2019 | $459K | $432K | $28K | $0 | — | View 990 |
| 2018 | $449K | $458K | $2K | $0 | — | View 990 |
| 2017 | $450K | $451K | $11K | $0 | — | View 990 |
| 2016 | $178K | $214K | $11K | $0 | — | View 990 |
| 2015 | $171K | $157K | $46K | $0 | — | View 990 |
| 2014 | $184K | $171K | $32K | $0 | — | View 990 |
| 2013 | $70K | $58K | $19K | $0 | — | View 990 |
| 2012 | $79K | $134K | $8K | $0 | — | View 990 |
| 2011 | $166K | $165K | $63K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $701K, and assets of $26K (revenue +33.3% year-over-year).
- 2022: Revenue of $519K, expenses of $535K, and assets of $29K (revenue +34.5% year-over-year).
- 2021: Revenue of $386K, expenses of $364K, and assets of $64K (revenue +168.2% year-over-year).
- 2020: Revenue of $144K, expenses of $152K, and assets of $20K (revenue -68.7% year-over-year).
- 2019: Revenue of $459K, expenses of $432K, and assets of $28K (revenue +2.2% year-over-year).
- 2018: Revenue of $449K, expenses of $458K, and assets of $2K (revenue -0.3% year-over-year).
- 2017: Revenue of $450K, expenses of $451K, and assets of $11K (revenue +152.5% year-over-year).
- 2016: Revenue of $178K, expenses of $214K, and assets of $11K (revenue +4.3% year-over-year).
- 2015: Revenue of $171K, expenses of $157K, and assets of $46K (revenue -6.9% year-over-year).
- 2014: Revenue of $184K, expenses of $171K, and assets of $32K (revenue +163.9% year-over-year).
- 2013: Revenue of $70K, expenses of $58K, and assets of $19K (revenue -11.8% year-over-year).
- 2012: Revenue of $79K, expenses of $134K, and assets of $8K (revenue -52.4% year-over-year).
- 2011: Revenue of $166K, expenses of $165K, and assets of $63K.
Data Sources and Methodology
This transparency report for Carolina Rise is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.