Riverfront Renaissance Center for the Arts Inc

Analysis

Riverfront Renaissance Center for the Arts Inc is a registered charity in United States, based in Millville, NJ. It received its IRS tax-exemption ruling in November 2001, 25 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, Riverfront Renaissance Center for the Arts Inc reported income of $107k and spending of $114k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $144k to $107k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverfront Renaissance Center for the Arts Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Vicious Circle ($107k), Center for Creative Exploration ($108k) and Culture Shock Los Angeles ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 1.6% of the total. At year end it held assets of $190k against liabilities of $4,834, net assets of $185k.