Riverbank Youth Theatre

Analysis

Riverbank Youth Theatre is a registered charity in United States, based in Marine City, MI. It received its IRS tax-exemption ruling in August 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverbank Youth Theatre reported income of $3.5m and spending of $1.1m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $3.5m (+465%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverbank Youth Theatre sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Imec USA Nanoelectronics Design Center ($3.5m), Sitar Arts Center ($3.5m) and Allentown Art Museum ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 29% of the total. Other salaries and wages came to $224k. At year end it held assets of $4.9m against liabilities of $381k, net assets of $4.5m. It reported 6 employees.