The Living River Restoration Trust

Analysis

The Living River Restoration Trust is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 2006, 20 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 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 September 2023, The Living River Restoration Trust reported income of $179k and spending of $331k, spending 185% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $237k to $179k (-24%), an average of -6.7% a year. The sharpest change came in the year to September 2020, when income rose by 2415%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Living River Restoration Trust sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Creative Spirit USA Inc ($179k), Roosevelt-Custer Regional Council for Development ($180k) and Newberg Rotary Foundation ($179k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $86k (26% of expenses). At year end it held assets of $2.6m against liabilities of $11k, net assets of $2.5m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.