Riviera Theatre & Organ Preservation Society Inc

Analysis

Riviera Theatre & Organ Preservation Society Inc is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in July 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riviera Theatre & Organ Preservation Society Inc reported income of $3.8m and spending of $3.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.8m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 344%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riviera Theatre & Organ Preservation Society Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Childrens Museum of the Upstate Inc ($3.8m), Aircraft Carrier Hornet Foundation ($3.8m) and Smuin Ballets-Sf ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $167k (5.3% of expenses). At year end it held assets of $6.0m against liabilities of $1.9m, net assets of $4.1m. It reported 59 employees.