Riese-Madison Park

Analysis

Riese-Madison Park is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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 September 2023, Riese-Madison Park reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.5m (+21%), an average of +4.9% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riese-Madison Park sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Chimney Safety Institute of America ($1.5m), Boys & Girls Club of Johnson County Inc ($1.5m) and Downtown Evening Soup Kitchen Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $147k. At year end it held assets of $2.7m against liabilities of $68k, net assets of $2.6m. It reported 4 employees.