Riverside Research Institute

Analysis

Riverside Research Institute is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Research Institute reported income of $162.7m and spending of $149.2m, spending 92% of its income. Across the 6 years on record, from November 2019 to December 2023, income grew from $116.1m to $162.7m (+40%), an average of +7.0% a year. The sharpest change came in the year to November 2020, when income rose by 897%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riverside Research Institute sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include St Joseph Hospital ($162.5m), Commcare Corporation ($162.8m) and Lenoir Memorial Hospital Inc ($162.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.6m (3.1% of expenses). Other salaries and wages came to $90.4m. At year end it held assets of $142.4m against liabilities of $46.8m, net assets of $95.7m. It reported 848 employees.