River Oaks Foundation Inc

Analysis

River Oaks Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2000, 26 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 December 2023, River Oaks Foundation Inc reported income of $343k and spending of $82k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $343k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, River Oaks Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Justjobs Network Inc ($343k), Restore Hope Resources Inc ($344k) and Midnight Run Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.