Rise Richmond Inc
Rise Richmond Inc. maintains stable finances with no reported officer compensation, despite a recent deficit.
EIN: 200220263 · Richmond, VA · NTEE: I21 · Updated: 2026-03-28
Is Rise Richmond Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rise Richmond Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rise Richmond Inc
Rise Richmond Inc (EIN: 200220263) is a nonprofit organization based in Richmond, VA, classified under NTEE code I21. The organization reported total revenue of $3.4M and total assets of $951K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rise Richmond Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rise Richmond Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-211,395 |
| Total Assets | $2.5M |
| Total Liabilities | $137K |
| Net Assets | $2.3M |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Rise Richmond Inc reported a deficit of $211K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rise Richmond Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | +15.6% | -18.0% |
| 2022 | +38.3% | +44.7% | +17.2% |
| 2021 | +2.8% | -17.2% | +43.4% |
| 2020 | +5.2% | -7.8% | -4.2% |
| 2019 | -23.6% | +3.2% | -26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rise Richmond Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rise Richmond Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $211K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Rise Richmond Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is highly unusual for an organization of its size, with annual revenues exceeding $3 million, and suggests a strong dedication to maximizing funds for its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rise Richmond Inc's IRS 990 filings:
- Recent deficit in 202308 period ($211,400)
- Unusually low liabilities in some periods (e.g., $46,523 in 202008) which could indicate aggressive cash management or minimal long-term obligations.
Strengths
The following positive indicators were identified for Rise Richmond Inc:
- Consistent history of IRS 990 filings (13 filings), indicating strong transparency and compliance.
- No reported officer compensation across all filings, suggesting high dedication to mission and efficient use of funds.
- Substantial assets ($2,461,828 in 202308) providing financial stability.
- Consistent revenue generation, averaging over $2 million annually for the past decade.
- Clear programmatic focus (NTEE I21 - Youth Development Programs).
Frequently Asked Questions about Rise Richmond Inc
Is Rise Richmond Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rise Richmond Inc (EIN: 200220263) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Rise Richmond Inc spend its money?
Rise Richmond Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rise Richmond Inc tax-deductible?
Rise Richmond Inc is registered as a tax-exempt nonprofit (EIN: 200220263). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rise Richmond Inc. manage to operate without reporting officer compensation?
The filings consistently show 0% officer compensation, which could mean officers are volunteers, compensated through other means not classified as 'officer compensation' on the 990, or the organization has a unique operational structure. Further investigation into their governance and compensation policies would be needed.
What caused the deficit in the 202308 fiscal period?
In the 202308 period, expenses ($3,228,026) exceeded revenue ($3,016,631) by $211,400. The specific reasons for this deficit are not detailed in the provided summary data but could be due to increased program costs, one-time expenditures, or a temporary dip in donations.
What is the organization's long-term strategy for asset management given the fluctuations?
Assets have fluctuated, from a high of $3,003,001 in 202208 to $2,461,828 in 202308. While still substantial, understanding the strategy behind these fluctuations, such as investment policies or capital expenditures, would provide insight into their financial planning.
Filing History
IRS 990 filing history for Rise Richmond Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rise Richmond Inc's revenue has grown by 307.4%, moving from $740K to $3.0M. Total assets increased by 426.7% over the same period, from $467K to $2.5M. Total functional expenses rose by 366.8%, from $691K to $3.2M. In its most recent filing year (2023), Rise Richmond Inc reported a deficit of $211K, with expenses exceeding revenue. The organization holds $137K in liabilities against $2.5M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.2M | $2.5M | $137K | — | View 990 |
| 2022 | $3.2M | $2.8M | $3.0M | $478K | — | View 990 |
| 2021 | $2.3M | $1.9M | $2.6M | $442K | — | View 990 |
| 2020 | $2.2M | $2.3M | $1.8M | $47K | — | View 990 |
| 2019 | $2.1M | $2.5M | $1.9M | $42K | — | View 990 |
| 2018 | $2.8M | $2.4M | $2.5M | $332K | — | View 990 |
| 2017 | $2.6M | $2.2M | $2.2M | $376K | — | View 990 |
| 2016 | $2.0M | $1.9M | $1.8M | $336K | — | View 990 |
| 2015 | $2.1M | $1.7M | $1.5M | $220K | — | View 990 |
| 2014 | $1.3M | $1.4M | $1.1M | $184K | — | View 990 |
| 2013 | $1.4M | $1.0M | $1.3M | $189K | — | View 990 |
| 2012 | $1.3M | $854K | $985K | $300K | — | View 990 |
| 2011 | $740K | $691K | $467K | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.2M, and assets of $2.5M (revenue -5.6% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.8M, and assets of $3.0M (revenue +38.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.9M, and assets of $2.6M (revenue +2.8% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $1.8M (revenue +5.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.5M, and assets of $1.9M (revenue -23.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.4M, and assets of $2.5M (revenue +7.8% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.2M, and assets of $2.2M (revenue +30.4% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $1.8M (revenue -5.2% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.7M, and assets of $1.5M (revenue +56.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $1.1M (revenue -2.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.0M, and assets of $1.3M (revenue +9.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $854K, and assets of $985K (revenue +69.0% year-over-year).
- 2011: Revenue of $740K, expenses of $691K, and assets of $467K.
Data Sources and Methodology
This transparency report for Rise Richmond Inc 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.