Riverloop Association Inc

Analysis

Riverloop Association Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Riverloop Association Inc reported income of $90k and spending of $68k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $89k to $90k (+1.4%), an average of +1.4% a year. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Riverloop Association Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IA. Charities of a similar size with the same main cause include Junior League of Duluth Inc ($90k), Wakeup Wake County Inc ($90k) and Detroit Chapter of the American Payroll Association ($90k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 8.5% of the total. At year end it held assets of $211k against liabilities of $20k, net assets of $191k.