Riverside Community Services Foundation

Analysis

Riverside Community Services Foundation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Riverside Community Services Foundation reported income of $467k and spending of $38k, leaving 92% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $249k to $467k (+88%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 6.9% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Riverside Community Services Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Delta Sculling Center-Everybody Sculls Inc ($467k), Spartans Basketball League ($467k) and Friends of Pelham Sports Inc ($466k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.