Rivera Memorial Foundation Inc

Analysis

Rivera Memorial Foundation Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 January 2024, Rivera Memorial Foundation Inc reported income of $600k and spending of $482k, spending 80% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $337k to $600k (+78%), an average of +78% a year. The sharpest change came in the year to January 2024, when income rose by 78%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rivera Memorial Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Life Unplugged ($600k), Choose to Invest Inc ($600k) and The Andre Norman Academy Tana ($600k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $71k. At year end it held assets of $389k against liabilities of $10k, net assets of $378k. It reported 7 employees.