Riverside Park at Way of the Cross Inc

Analysis

Riverside Park at Way of the Cross Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Riverside Park at Way of the Cross Inc reported income of $300k and spending of $226k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $300k (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Park at Way of the Cross Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Lakewood Senior Citizens Inc ($300k), Franklin Affordable Housing Corporation Inc ($300k) and Riverside Gardens Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 33% of the total. At year end it held assets of $1.1m against liabilities of $54k, net assets of $1.1m.