Riverstone Ministry Group

Analysis

Riverstone Ministry Group is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Riverstone Ministry Group reported income of $61k and spending of $78k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $61k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Riverstone Ministry Group sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include 1 Thessalonians 3-2 Inc ($61k), Phelps County Ministerial Association ($61k) and Iskcon Communications International Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.