Riverside Healthcare Foundation

Analysis

Riverside Healthcare Foundation is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in October 1983, 43 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, Riverside Healthcare Foundation reported income of $1.5m and spending of $2.4m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.9m to $1.5m (-85%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Healthcare Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Credit Research Foundation Inc ($1.5m), Georgia Appellate Prac & Educ Resource ($1.5m) and C C D S Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $40.4m against liabilities of $240k, net assets of $40.2m.