Riverworks

Analysis

Riverworks is a registered charity in United States, based in Rockford, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Riverworks reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $631k to $1.3m (+100%), an average of +15% a year. The sharpest change came in the year to May 2024, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverworks 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 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Family Service Society Inc ($1.3m), Deafway Global ($1.3m) and Hospice of Sweetwater County Inc ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 59% and program service revenue 35% of the total. Other salaries and wages came to $279k. At year end it held assets of $218k against liabilities of $83k, net assets of $136k. It reported 22 employees.