River of Life Foundation

Analysis

River of Life Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in May 2007, 19 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, River of Life Foundation reported income of $17.8m and spending of $17.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $923k to $17.8m (+1831%), an average of +110% a year. The sharpest change came in the year to December 2020, when income rose by 554%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River of Life Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include International Seakeepers Society Inc ($17.8m), Munson-Williams-Proctor Arts Institute ($17.9m) and Riverside Theatre Inc ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $136k (0.8% of expenses). Other salaries and wages came to $334k. At year end it held assets of $1.3m against liabilities of $31k, net assets of $1.3m. It reported 14 employees.