Riverpark Center Inc

Analysis

Riverpark Center Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in November 1988, 38 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 August 2023, Riverpark Center Inc reported income of $2.9m and spending of $3.5m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.9m (+50%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverpark Center 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 89th percentile within KY. Charities of a similar size with the same main cause include Orange Show Foundation ($2.9m), Marin Symphony Assn ($2.9m) and Civic Lubbock Inc ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 44% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $10.6m against liabilities of $1.2m, net assets of $9.4m. It reported 96 employees.