Riversport Foundation

Analysis

Riversport Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, Riversport Foundation reported income of $8.2m and spending of $9.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $8.2m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riversport Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Holiday House of Portsmouth Inc ($8.2m), Society of St Vincent de Paul Central Council of Pittsburgh ($8.2m) and Neighbors Link Corp ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $202k (2.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.4m against liabilities of $3.8m, net assets of $11.6m. It reported 356 employees.