River Fund New York Inc

Analysis

River Fund New York Inc is a registered charity in United States, based in Richmond Hill, NY. It received its IRS tax-exemption ruling in November 1998, 28 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 March 2023, River Fund New York Inc reported income of $7.9m and spending of $8.2m, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $6.0m to $7.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to March 2021, when income rose by 236%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, River Fund New York Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Hungry for Christ ($7.9m), Divinity Family Services Inc ($7.9m) and Tarrant County Homeless Coalition ($7.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $99k (1.2% of expenses). Other salaries and wages came to $676k. At year end it held assets of $4.4m against liabilities of $927k, net assets of $3.4m. It reported 21 employees.