River House Inc

Analysis

River House Inc is a registered charity in United States, based in Capon Bridge, WV. It received its IRS tax-exemption ruling in January 2017, 9 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 (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 House Inc reported income of $282k and spending of $286k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $282k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 101% 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 House Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include The@member Corporation of the Polish Community of W Utica Ny ($282k), Hocking Hills Childrens Museum Inc ($282k) and Painted Sky Opera Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $151k. At year end it held assets of $81k against liabilities of $3,876, net assets of $77k. It reported 14 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.