River Pierce Foundation

Analysis

River Pierce Foundation is a registered charity in United States, based in San Ygnacio, TX. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, River Pierce Foundation reported income of $81k and spending of $144k, spending 178% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River Pierce Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Smoky Hill Railway & Historical Society Inc ($81k), Hawkinsville-Pulaski County Arts Council Inc ($81k) and Waterford Concert Series ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.

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.