Riverside Foundation

Analysis

Riverside Foundation is a registered charity in United States, based in Lincolnshire, IL. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Riverside Foundation reported income of $9.2m and spending of $9.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $9.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverside Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Hospice of West Alabama Inc ($9.2m), East Co SVCS for ($9.2m) and Peak Community Services Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 94% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $4.9m against liabilities of $2.5m, net assets of $2.3m. It reported 296 employees.