River Arts Alliance

Analysis

River Arts Alliance is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in December 2014, 12 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, River Arts Alliance reported income of $93k and spending of $99k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $93k (+33%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River Arts Alliance sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Sea Cliff Chamber Players Inc ($93k), Luna County Historical Society Inc ($93k) and Minnesota Gerontological Society ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.