Riverside-Avondale Preservation Inc

Analysis

Riverside-Avondale Preservation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in February 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverside-Avondale Preservation Inc reported income of $876k and spending of $651k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $506k to $876k (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 78% 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-Avondale Preservation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Pasadena Bioscience Center Inc ($875k), Farmers Branch Community Theatre Inc ($876k) and Charlotte Film Society ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Other salaries and wages came to $269k. At year end it held assets of $1.0m against liabilities of $89k, net assets of $954k. It reported 6 employees.