Riseboro Community Partnership Inc

Analysis

Riseboro Community Partnership Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Riseboro Community Partnership Inc reported income of $82.1m and spending of $61.0m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.7m to $82.1m (+136%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riseboro Community Partnership Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Greater Cleveland Food Bank Inc ($81.9m), John Knox Village of Florida Inc ($82.3m) and Community Access Unlimited Inc ($81.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $2.7m (4.4% of expenses). Other salaries and wages came to $27.6m. It paid $3,000 in professional fundraising fees. At year end it held assets of $128.3m against liabilities of $87.7m, net assets of $40.5m. It reported 824 employees.