Riverlink Inc

Analysis

Riverlink Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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, Riverlink Inc reported income of $1.4m and spending of $1.2m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $871k to $1.4m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 664%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverlink Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Aspira Inc of New Jersey ($1.4m), Prison Yoga Project Inc ($1.5m) and Ucar Exchange ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $90k (7.4% of expenses). Other salaries and wages came to $309k. At year end it held assets of $8.4m against liabilities of $161k, net assets of $8.2m. It reported 12 employees.