Riverbend Retreat Center

Analysis

Riverbend Retreat Center is a registered charity in United States, based in Glen Rose, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Riverbend Retreat Center reported income of $4.0m and spending of $3.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.0m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Riverbend Retreat Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include In Search of the Lords Way Inc ($4.0m), A Partners ($4.0m) and Alleluia ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $87k (2.7% of expenses). Other salaries and wages came to $861k. At year end it held assets of $7.3m against liabilities of $1.4m, net assets of $5.9m. It reported 113 employees.