Riverbrook Residence Inc

Analysis

Riverbrook Residence Inc is a registered charity in United States, based in Stockbridge, MA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Riverbrook Residence Inc reported income of $3.4m and spending of $2.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverbrook Residence Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Empowering Youth Inc ($3.4m), Family Focus Inc ($3.4m) and Turnaround Tuesday Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $128k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $7.7m against liabilities of $241k, net assets of $7.5m. It reported 56 employees.