Riff Inc

Analysis

Riff Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Riff Inc reported income of $142k and spending of $151k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $142k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riff Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Big Eight Foundation ($142k), Cappella Performing Arts Center ($142k) and Purpose Productions Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 42% of the total. At year end it held assets of $24k against liabilities of $1,176, net assets of $23k.