Retail Arts Innovation & Livability Community Development Corporation

Analysis

Retail Arts Innovation & Livability Community Development Corporation is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in January 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Retail Arts Innovation & Livability Community Development Corporation reported income of $666k and spending of $873k, spending 131% of what it took in. Across the 2 years on record, from June 2021 to June 2023, income grew from $290k to $666k (+129%), an average of +129% a year. The sharpest change came in the year to June 2023, when income rose by 129%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Retail Arts Innovation & Livability Community Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Citizens for Community Values Inc ($666k), Chattanooga Design Studio ($667k) and Association of Lutheran Church Musicians ($666k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (7.3% of expenses). Other salaries and wages came to $83k. At year end it held assets of $226k against liabilities of $61k, net assets of $166k. It reported 3 employees.