Riverdale Neighborhood House Inc

Analysis

Riverdale Neighborhood House Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 1938, 88 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Riverdale Neighborhood House Inc reported income of $5.1m and spending of $5.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $5.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Riverdale Neighborhood House Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Gadsden Progress Council ($5.1m), Employment Resources Inc ($5.1m) and CPLC Texas Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $180k (3.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $5.4m against liabilities of $301k, net assets of $5.1m. It reported 159 employees.