River Center of New Castle Inc

Analysis

River Center of New Castle Inc is a registered charity in United States, based in New Castle, CO. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, River Center of New Castle Inc reported income of $309k and spending of $291k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $563k to $309k (-45%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, River Center of New Castle Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Ventura County Taxpayers Foundation ($309k), Friends of the Fatherless ($309k) and Rogers County Fair Board ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $32k (11% of expenses). Other salaries and wages came to $51k. At year end it held assets of $698k against liabilities of $348k, net assets of $350k. It reported 3 employees.