River City Rhythm Inc

Analysis

River City Rhythm Inc is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, River City Rhythm Inc reported income of $526k and spending of $524k, spending 100% of its income. Across the 6 years on record, from December 2019 to September 2024, income grew from $445k to $526k (+18%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River City Rhythm Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Krewe of Poseidon Inc ($525k), Hot Springs Documentary Film Institute ($526k) and Springfield Preservation and Revitalization Council Inc ($525k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 28% and program service revenue 59% of the total. At year end it held assets of $104k against liabilities of $107k, net assets of -$2,562.