Riverviews

Analysis

Riverviews is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in April 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverviews reported income of $144k and spending of $273k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $144k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverviews sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include National Association of Schools of Dance Inc ($144k), Collaborative Institute of Cultural Arts ($144k) and Robot Garden ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.1m against liabilities of $54k, net assets of $1.1m. It reported 10 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.