Riverview Industries Inc

Analysis

Riverview Industries Inc is a registered charity in United States, based in Oak Harbor, OH. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Riverview Industries Inc reported income of $3.7m and spending of $3.9m, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.3m to $3.7m (+12%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Riverview Industries Inc 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 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Yerba Buena Community Benefit District ($3.7m), TN Vol Manufactering Services Inc ($3.7m) and Northwest Business Development Association ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $75k (1.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.1m against liabilities of $437k, net assets of $2.6m. It reported 130 employees.