Rio Collective

Analysis

Rio Collective is a registered charity in United States, based in Pt Pleasant, NJ. It received its IRS tax-exemption ruling in February 2014, 12 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 December 2023, Rio Collective reported income of $76k and spending of $40k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $76k (-71%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. 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, Rio Collective sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Vaad Hakashrus of Buffalo Inc ($76k), Chicago Buddhist Vihara Inc ($76k) and New Horizons Family Ministry Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $115, net assets of $53k.