Riviera Beach Community Development Corporation Inc

Analysis

Riviera Beach Community Development Corporation Inc is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in February 2013, 13 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 September 2023, Riviera Beach Community Development Corporation Inc reported income of $841k and spending of $252k, leaving 70% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $619k to $841k (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riviera Beach Community Development Corporation Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Freedom House Ministries Inc ($841k), Mill Pond Gables Senior Living LLC ($841k) and Greensboro United Methodist Housing Inc ($841k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 3.0% of the total. At year end it held assets of $2.4m against liabilities of $50k, net assets of $2.4m.