Rivercenter Inc

Analysis

Rivercenter Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Rivercenter Inc reported income of $3.2m and spending of $3.8m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.2m (+17%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 226%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rivercenter Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Corporation of Yaddo ($3.2m), Radio Bilingue Inc ($3.2m) and Hunter Museum of Art ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $182k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.0m against liabilities of $555k, net assets of $4.5m. It reported 32 employees.