Riverside Study Center Inc

Analysis

Riverside Study Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Study Center Inc reported income of $405k and spending of $752k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $405k (-84%), an average of -37% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 40% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Riverside Study Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Fujianese Linking Church New York Inc ($405k), Integrity International ($406k) and Kesher Families Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $13.6m against liabilities of $40k, net assets of $13.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.