Riverbend Foundation Inc

Analysis

Riverbend Foundation Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Riverbend Foundation Inc reported income of $102k and spending of $125k, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $83k to $102k (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2022, when income rose by 560%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Riverbend Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include Freeborn-Mower Operation Round-Up ($102k), Frisco Womens League ($102k) and Friends of Joseph Ukpo Hospital and Research Institute ($102k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.