Riverhead Rotary Charities Inc

Analysis

Riverhead Rotary Charities Inc is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Riverhead Rotary Charities Inc reported income of $400k and spending of $286k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $230k to $400k (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverhead Rotary Charities Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Hunt Motors Inc ($400k), Dc127 Inc ($400k) and Baker Relief Nursery Inc ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $734k against liabilities of $154k, net assets of $580k.