Riverside Optimist Boys Club Inc

Analysis

Riverside Optimist Boys Club Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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 September 2023, Riverside Optimist Boys Club Inc reported income of $56k and spending of $119k, spending 213% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $68k to $56k (-18%), an average of -4.9% a year. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Optimist Boys Club Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Northern California Rugby Football Union Referee Society ($56k), Clairina Foundation ($56k) and Runestone Electric Community Trust ($56k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.7% of the total. At year end it held assets of $660k against liabilities of $1, net assets of $660k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.