Riverbay Fund Inc

Analysis

Riverbay Fund Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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, Riverbay Fund Inc reported income of $124k and spending of $136k, spending 110% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income fell from $209k to $124k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverbay Fund Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Friends of the Danville Library ($124k), Senior Resources of Broomfield Inc ($124k) and Immanuel Counseling Ministries Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $119k against liabilities of $23k, net assets of $96k.