Riverfront Recapture Inc

Analysis

Riverfront Recapture Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Riverfront Recapture Inc reported income of $3.7m and spending of $3.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $3.7m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Riverfront Recapture Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Independence Bowl Foundation ($3.7m), Frisco Flyers Volleyball Club Inc ($3.7m) and Tennessee State Soccer Association ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $318k (8.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.0m against liabilities of $359k, net assets of $6.7m. It reported 78 employees.