River Radio Ministries

Analysis

River Radio Ministries is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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 Radio Ministries reported income of $3.9m and spending of $4.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $3.9m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Radio Ministries sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Horry County Council on Aging ($3.9m), Jewish Home Tower Inc ($3.9m) and Park Village Apartments Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $364k (9.1% of expenses). Other salaries and wages came to $1.7m. It paid $133k in professional fundraising fees. At year end it held assets of $6.5m against liabilities of $767k, net assets of $5.8m. It reported 40 employees.