Riverside the Farnsley-Moremen Landing Inc

Analysis

Riverside the Farnsley-Moremen Landing Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1995, 31 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 2024, Riverside the Farnsley-Moremen Landing Inc reported income of $669k and spending of $237k, leaving 65% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $181k to $669k (+270%), an average of +270% a year. The sharpest change came in the year to June 2024, when income rose by 270%. Over the whole period it spent 49% 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 the Farnsley-Moremen Landing Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include The Foundation for Art and Healing Inc ($669k), National Fresh Water Fishing Hall of Fame Inc ($670k) and Gathering Roots Wellness ($669k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. At year end it held assets of $878k against liabilities of $1,035, net assets of $877k.