Riverwoods Durham

Analysis

Riverwoods Durham is a registered charity in United States, based in Durham, NH. It received its IRS tax-exemption ruling in July 2017, 9 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 June 2024, Riverwoods Durham reported income of $22.8m and spending of $24.6m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.6m to $22.8m (+402%), an average of +50% a year. The sharpest change came in the year to June 2021, when income rose by 210%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverwoods Durham 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 97th percentile, and in the 97th percentile within NH. Charities of a similar size with the same main cause include Ihs the Institute for Human Services Inc ($22.7m), Concordia of Florida Inc ($22.9m) and Coastal Enterprises Inc ($22.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $190k (0.8% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $126.6m against liabilities of $150.8m, net assets of -$24.2m. It reported 314 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.