Riverdale Senior Services Inc

Analysis

Riverdale Senior Services Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Riverdale Senior Services Inc reported income of $2.1m and spending of $2.1m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.1m (+5.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverdale Senior Services Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Cumberland County Coordinating Council on Older Adults Inc ($2.1m), Orange Valley Social Settlement Ttees ($2.1m) and Farm Alliance of Baltimore Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $114k (5.4% of expenses). Other salaries and wages came to $917k. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m. It reported 26 employees.