Rivers of Hope

Analysis

Rivers of Hope is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Rivers of Hope reported income of $651k and spending of $684k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $440k to $651k (+48%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rivers of Hope sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Family Christian Church Inc ($651k), The Mussar Institute ($651k) and Living Faith International ($651k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $91k (13% of expenses). Other salaries and wages came to $357k. At year end it held assets of $201k against liabilities of $21k, net assets of $180k. It reported 16 employees.