Riverwood Medical Properties LLC

Analysis

Riverwood Medical Properties LLC is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverwood Medical Properties LLC reported income of $126k and spending of $561k, spending 446% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $126k (+0.0%), an average of +0.0% a year. Over the whole period it spent 408% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riverwood Medical Properties LLC sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Two Grateful Friends Inc ($126k), Group Care Global ($126k) and Heart and Health Educational Foundation Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.2m against liabilities of $6.1m, net assets of -$2.0m.

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.