River Communities Fiduciary Services Inc

Analysis

River Communities Fiduciary Services Inc is a registered charity in United States, based in Ambridge, PA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, River Communities Fiduciary Services Inc reported income of $515k and spending of $601k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $515k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, River Communities Fiduciary Services Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Catawba County Council on Aging Inc ($515k), Moms House of Phoenixville ($516k) and Maranatha Manor Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $102k (17% of expenses). Other salaries and wages came to $222k. At year end it held assets of $9.6m against liabilities of $9.6m, net assets of $44k. It reported 10 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.