Riverfront Museum Park

Analysis

Riverfront Museum Park is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverfront Museum Park reported income of $961k and spending of $832k, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $640k to $961k (+50%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverfront Museum Park sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Big Sur Volunteer Fire Brigade ($961k), Dallas Bay Volunteer Fire Dept Inc ($961k) and JD Sheth Foundation Inc ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $58k (7.0% of expenses). Other salaries and wages came to $120k. At year end it held assets of $590k against liabilities of $32k, net assets of $558k. It reported 6 employees.