Riverside at Moorings Park Incorporated

Analysis

Riverside at Moorings Park Incorporated is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverside at Moorings Park Incorporated reported income of $3.9m and spending of $1.4m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $741k to $3.9m (+426%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 186%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside at Moorings Park Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include John Knox Housing Inc ($3.9m), Hap Senior Care Inc Dba Beaver Mead ($3.9m) and Habitat for Humanity International Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $72.5m against liabilities of $52k, net assets of $72.4m.