River Raisin Centre for the Arts Inc

Analysis

River Raisin Centre for the Arts Inc is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, River Raisin Centre for the Arts Inc reported income of $539k and spending of $578k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $554k to $539k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Raisin Centre for the Arts 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 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include The Shepherds Fold Inc ($539k), Eastmont Community Foudation Inc ($539k) and Junior Orange Bowl Committee Inc ($539k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $52k (9.0% of expenses). Other salaries and wages came to $53k. At year end it held assets of $728k against liabilities of $207k, net assets of $521k. It reported 4 employees.