Rise Ltd Development Corporation
EIN: 421233462 · Elkader, IA
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $62K |
| Net Assets | $28K |
Is Rise Ltd Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rise Ltd Development Corporation
Rise Ltd Development Corporation (EIN: 421233462) is a nonprofit organization based in Elkader, IA. The organization reported total revenue of $90K and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rise Ltd Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rise Ltd Development Corporation is a micro nonprofit that has been operating for 40 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $62K |
| Surplus / Deficit | +$10K |
| Total Assets | $138K |
| Total Liabilities | $110K |
| Net Assets | $28K |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 79.9% |
| Months of Reserves | 26.7 months |
Financial Health Grade: A
In 2023, Rise Ltd Development Corporation reported a surplus of $10K with revenue exceeding expenses, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 79.9% (high leverage).
Financial Trends
Over 9 years of filings (2012–2023), Rise Ltd Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | -2.3% | -12.1% |
| 2022 | +2.0% | +15.4% | +4.9% |
| 2021 | +18.5% | -3.4% | -2.9% |
| 2020 | -4.5% | -0.9% | -9.9% |
| 2016 | +0.1% | +8.8% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rise Ltd Development Corporation 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 Rise Ltd Development Corporation 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 surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.9%.
Frequently Asked Questions about Rise Ltd Development Corporation
Is Rise Ltd Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rise Ltd Development Corporation (EIN: 421233462) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rise Ltd Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Rise Ltd Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Rise Ltd Development Corporation tax-deductible?
Rise Ltd Development Corporation is registered as a tax-exempt nonprofit (EIN: 421233462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rise Ltd Development Corporation located?
Rise Ltd Development Corporation is headquartered in Elkader, Iowa and files with the IRS under EIN 421233462.
How many years of IRS 990 filings does Rise Ltd Development Corporation have?
Rise Ltd Development Corporation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $90K in total revenue.
Filing History
IRS 990 filing history for Rise Ltd Development Corporation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Rise Ltd Development Corporation's revenue has grown by 17.2%, moving from $61K to $72K. Total assets decreased by 26.4% over the same period, from $188K to $138K. Total functional expenses rose by 17.6%, from $53K to $62K. In its most recent filing year (2023), Rise Ltd Development Corporation reported a surplus of $10K, with revenue exceeding expenses. The organization holds $110K in liabilities against $138K in assets (debt-to-asset ratio: 79.9%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $62K | $138K | $110K | — | — |
| 2022 | $70K | $63K | $157K | $139K | — | — |
| 2021 | $69K | $55K | $150K | $138K | — | — |
| 2020 | $58K | $57K | $154K | $156K | — | View 990 |
| 2016 | $61K | $57K | $171K | $198K | — | View 990 |
| 2015 | $61K | $53K | $175K | $204K | — | View 990 |
| 2014 | $53K | $63K | $170K | $207K | — | View 990 |
| 2013 | $56K | $56K | $189K | $217K | — | View 990 |
| 2012 | $61K | $53K | $188K | $220K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $62K, and assets of $138K (revenue +2.5% year-over-year).
- 2022: Revenue of $70K, expenses of $63K, and assets of $157K (revenue +2.0% year-over-year).
- 2021: Revenue of $69K, expenses of $55K, and assets of $150K (revenue +18.5% year-over-year).
- 2020: Revenue of $58K, expenses of $57K, and assets of $154K (revenue -4.5% year-over-year).
- 2016: Revenue of $61K, expenses of $57K, and assets of $171K (revenue +0.1% year-over-year).
- 2015: Revenue of $61K, expenses of $53K, and assets of $175K (revenue +13.2% year-over-year).
- 2014: Revenue of $53K, expenses of $63K, and assets of $170K (revenue -4.6% year-over-year).
- 2013: Revenue of $56K, expenses of $56K, and assets of $189K (revenue -8.5% year-over-year).
- 2012: Revenue of $61K, expenses of $53K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rise Ltd Development Corporation:
Data Sources and Methodology
This transparency report for Rise Ltd Development Corporation 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.