Riverside Arts Center

Analysis

Riverside Arts Center is a registered charity in United States, based in Riverside, IL. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Arts Center reported income of $187k and spending of $161k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $415k to $187k (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Arts Center sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Smithfield Little Theatre Inc ($187k), Barrington Stage Supporting Foundation Inc ($187k) and Waco Cultural Arts Fest ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $32k (20% of expenses). Other salaries and wages came to $62k. At year end it held assets of $441k against liabilities of $0, net assets of $441k. It reported 7 employees.