Riverside Senior Living Center

Analysis

Riverside Senior Living Center is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in October 1994, 32 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 December 2023, Riverside Senior Living Center reported income of $27.6m and spending of $27.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.2m to $27.6m (-2.1%), an average of -0.5% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverside Senior Living Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Jewish Foundation for Group Homes ($27.6m), Canvas Health Inc ($27.6m) and Enrichment Services Program Incorporated ($27.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $12.5m. At year end it held assets of $71.3m against liabilities of $41.8m, net assets of $29.5m. It reported 485 employees.