Riverbend Centre for the Arts

Analysis

Riverbend Centre for the Arts is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverbend Centre for the Arts reported income of $153k and spending of $143k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $153k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverbend Centre for the Arts sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Azorean Maritime Heritage Society ($153k), West Stockbridge Historical Society Inc ($153k) and Music for the Soul Inc ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $32k against liabilities of $7,388, net assets of $25k.