Rivers Edge Property Inc

Analysis

Rivers Edge Property Inc is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2024, Rivers Edge Property Inc reported income of $67k and spending of $86k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $73k to $67k (-7.8%), an average of -2.0% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rivers Edge Property Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within AK. Charities of a similar size with the same main cause include Bci Homes Inc ($67k), Exodus Ranch ($67k) and Rochester Polish Peoples Home Inc ($67k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $895k against liabilities of $40k, net assets of $855k.

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.