Riverside Plaza Tenants Association Inc

Analysis

Riverside Plaza Tenants Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Riverside Plaza Tenants Association Inc reported income of $624k and spending of $691k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $689k to $624k (-9.4%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverside Plaza Tenants Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Grace Christian Education Association Inc ($623k), Society for Research on Educational Effectiveness ($624k) and MIT Sloan Boston Alumni Association Inc ($623k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (10% of expenses). Other salaries and wages came to $405k. At year end it held assets of $40k against liabilities of $46k, net assets of -$6,152. It reported 22 employees.