Riverside Resources Inc

Analysis

Riverside Resources Inc is a registered charity in United States, based in Leavenworth, KS. It received its IRS tax-exemption ruling in April 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Riverside Resources Inc reported income of $2.1m and spending of $2.4m, spending 112% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.1m (+7.2%), an average of +2.3% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverside Resources Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include Safe Haven of Greater Waterbury Inc ($2.1m), Texas Pythian Home Foundation ($2.1m) and Northern Colorado Kids Thrive ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.8m against liabilities of $345k, net assets of $1.4m. It reported 59 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.