River Foundation Inc

Analysis

River Foundation Inc is a registered charity in United States, based in Stanford, KY. It received its IRS tax-exemption ruling in June 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, River Foundation Inc reported income of $1.7m and spending of $2.0m, spending 120% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.5m to $1.7m (+13%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Youth Service Bureau of Jay County Inc ($1.7m), Cristo Rey Oklahoma City Corporate Work Study Program Inc ($1.7m) and Michigan Veterans Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $213k. At year end it held assets of $568k against liabilities of $5,439, net assets of $562k. It reported 3 employees.