Riverside Healthcare Association Inc

Analysis

Riverside Healthcare Association Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in April 2010, 16 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Riverside Healthcare Association Inc reported income of $39.6m and spending of $36.7m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $29.0m to $39.6m (+36%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riverside Healthcare Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include South Central Family Health Center ($39.6m), Childrens Hospital Colorado Health System ($39.6m) and Douglas a Thom Clinic Inc ($39.6m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 46% of the total. At year end it held assets of $763.7m against liabilities of $559.2m, net assets of $204.5m.