Riverview Manor Inc

Analysis

Riverview Manor Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in June 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Riverview Manor Inc reported income of $1.3m and spending of $1.0m, leaving 23% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $974k to $1.3m (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverview Manor Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within WV. Charities of a similar size with the same main cause include City of Sumter Housing & Economic Developement Corporation ($1.3m), Bethlehem Ltd ($1.3m) and Clearwater Homes Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $46k (4.6% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2.3m against liabilities of $39k, net assets of $2.2m.