Riverside Gardens Inc

Analysis

Riverside Gardens Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Riverside Gardens Inc reported income of $300k and spending of $307k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $300k (+48%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Gardens Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Bethany House Inc ($299k), Lakewood Senior Citizens Inc ($300k) and Association for Homes Inc ($299k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 66% of the total. At year end it held assets of $1.0m against liabilities of $2.2m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.