Riverzedge Arts Project

Analysis

Riverzedge Arts Project is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Riverzedge Arts Project reported income of $766k and spending of $851k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $407k to $766k (+88%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Riverzedge Arts Project sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Santa Rosa Kids House Inc ($766k), Wya Foundation Inc ($767k) and Rhonda Walker Foundation ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $71k (8.4% of expenses). Other salaries and wages came to $440k. At year end it held assets of $827k against liabilities of $85k, net assets of $742k. It reported 66 employees.