Riderwood Village Inc

Analysis

Riderwood Village Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Riderwood Village Inc reported income of $136.9m and spending of $146.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123.9m to $136.9m (+10%), an average of +2.5% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riderwood Village Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Covenant Living West ($136.7m), Friends of the World Food Program Inc ($137.5m) and Second Harvest Inland Northwest ($136.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $663k (0.5% of expenses). Other salaries and wages came to $53.0m. At year end it held assets of $779.0m against liabilities of $774.7m, net assets of $4.2m. It reported 1,664 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.