Riverside Arts Academy

Analysis

Riverside Arts Academy is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2024, Riverside Arts Academy reported income of $388k and spending of $294k, leaving 24% of income unspent that year. Across the 6 years on record, from December 2019 to July 2024, income grew from $228k to $388k (+70%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Arts Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include The Westmoreland Players Inc ($388k), Bell Tower Green Inc ($388k) and Radio Technical Commission for Maritime Services ($388k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 86% and program service revenue 4.3% of the total. Other salaries and wages came to $55k. At year end it held assets of $570k against liabilities of $61k, net assets of $508k.