Riverstone Senior Life Services Inc

Analysis

Riverstone Senior Life Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, Riverstone Senior Life Services Inc reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.7m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. 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, Riverstone Senior Life Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Wheels4hope ($1.7m), Moiliili Community Center ($1.7m) and College Area Pregnancy Services Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.2m against liabilities of $254k, net assets of $946k. It reported 33 employees.