Riverwoods Group

Analysis

Riverwoods Group is a registered charity in United States, based in Durham, NH. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Riverwoods Group reported income of $8.9m and spending of $9.3m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $8.9m (+158%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverwoods Group sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NH. Charities of a similar size with the same main cause include The Mosaic Foundation ($8.9m), The Jewish Community Center of the North Shore Inc ($8.9m) and Handi-Crafters Inc ($8.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $958k (10% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $24.9m against liabilities of $3.5m, net assets of $21.3m. It reported 64 employees.

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.