River Valley Rescources Inc

Analysis

River Valley Rescources Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in July 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, River Valley Rescources Inc reported income of $5.5m and spending of $5.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.5m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, River Valley Rescources Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Valeo Vocation ($5.5m), Searchlight Center Inc ($5.5m) and Downtown Phoenix Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (2.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.2m against liabilities of $347k, net assets of $2.9m. It reported 100 employees.