Rivercity Company

Analysis

Rivercity Company is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rivercity Company reported income of $2.2m and spending of $1.9m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.0m to $2.2m (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rivercity Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Skcac Industries and Employment Services ($2.2m), Gaston Skills Incorporated ($2.2m) and Center for Nonprofit Management ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $381k (20% of expenses). At year end it held assets of $24.8m against liabilities of $522k, net assets of $24.2m. It reported 20 employees.