Riggs Employees Fund

Analysis

Riggs Employees Fund is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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 December 2023, Riggs Employees Fund reported income of $292k and spending of $275k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $292k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riggs Employees Fund sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within AR. Charities of a similar size with the same main cause include Great Plains Housing Advocacy Inc ($292k), Boosters Club of the Hinsdale Township High School ($292k) and Haitian-American Foundation for Democracy Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.