Rivertree Apartments Inc

Analysis

Rivertree Apartments Inc is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rivertree Apartments Inc reported income of $173k and spending of $240k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $173k (+6.2%), an average of +1.5% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rivertree Apartments Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OR. Charities of a similar size with the same main cause include Berkshire Community Apartments Inc ($173k), Family Promise of Bryan-Collegestation ($173k) and Albert Lea Senior Housing Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $536k against liabilities of $28k, net assets of $508k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.