River Rats Inc

Analysis

River Rats Inc is a registered charity in United States, based in Fair Haven, NJ. It received its IRS tax-exemption ruling in February 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, River Rats Inc reported income of $121k and spending of $109k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $121k (+2.7%), an average of +2.7% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Rats Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($121k), Volunteers of America Inc ($121k) and Wisconsin Marine Historical Society Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 53% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.