Riverspring Services Corp

Analysis

Riverspring Services Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Riverspring Services Corp reported income of $25.8m and spending of $25.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.6m to $25.8m (+19%), an average of +4.5% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riverspring Services Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Benedictine Care Centers ($25.8m), Childrens School Services ($25.8m) and St John Sapulpa Inc ($25.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $3.4m (13% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $5.5m against liabilities of $5.5m, net assets of $0. It reported 123 employees.