Riverbanks Society

Analysis

Riverbanks Society is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 June 2023, Riverbanks Society reported income of $8.3m and spending of $9.4m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.1m to $8.3m (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 157%. Over the whole period it spent 78% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Riverbanks Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Revive & Restore ($8.2m), Chimp Haven Inc ($8.3m) and Animal Care and Control Team ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $11.5m against liabilities of $50k, net assets of $11.5m.