Riviera Hotel Inc

Analysis

Riviera Hotel Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riviera Hotel Inc reported income of $431k and spending of $479k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $417k to $431k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riviera Hotel Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Keen Ager Corporation ($431k), Menorah Park Group Residences Inc ($431k) and Parker Home and Associates ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $39k. At year end it held assets of $924k against liabilities of $1.2m, net assets of -$260k.