Riverview Healthcare Foundation Inc

Analysis

Riverview Healthcare Foundation Inc is a registered charity in United States, based in Crookston, MN. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Riverview Healthcare Foundation Inc reported income of $383k and spending of $446k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $383k (-71%), an average of -26% a year. The sharpest change came in the year to September 2020, when income dropped by 45%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riverview Healthcare Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Hopegate ($382k), Womens Resource Center ($383k) and Daughters of Charity Services of New Orleans East ($382k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $114k. At year end it held assets of $2.3m against liabilities of $189k, net assets of $2.1m.