Rivercross Inc

Analysis

Rivercross Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rivercross Inc reported income of $350k and spending of $335k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $227k to $350k (+54%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rivercross Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include The Treehouse Inc ($350k), Footprints of the Son Inc ($350k) and Felician Senior Services Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $131k. At year end it held assets of $25k against liabilities of $68k, net assets of -$43k. It reported 3 employees.