Riverside Theatre Works Inc

Analysis

Riverside Theatre Works Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Riverside Theatre Works Inc reported income of $614k and spending of $606k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $452k to $614k (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Theatre Works Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Columbia Childrens Theatre ($614k), Roomful of Teeth Vocal Arts Project Inc ($614k) and Bus Barn Stage Company a California Non Profit Public Benefit Corp ($614k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $134k. At year end it held assets of $199k against liabilities of $23k, net assets of $176k. It reported 3 employees.