Riverside Theatre Inc

Analysis

Riverside Theatre Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in August 1981, 45 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 May 2023, Riverside Theatre Inc reported income of $17.8m and spending of $9.4m, leaving 47% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $11.5m to $17.8m (+55%), an average of +12% a year. The sharpest change came in the year to May 2023, when income rose by 101%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Theatre Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include The Apollo Theater Foundation Inc ($17.8m), International Seakeepers Society Inc ($17.8m) and Center for the Advancement of Science in Space Inc ($17.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $643k (6.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $54.4m against liabilities of $4.4m, net assets of $50.0m. It reported 207 employees.