Riley Center

Analysis

Riley Center is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Riley Center reported income of $1.4m and spending of $813k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $2.9m to $1.4m (-52%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Riley Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Fortis Capital ($1.4m), Burroughs Foundation ($1.4m) and CV Appalachian Cde Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (5.0% of expenses). Other salaries and wages came to $320k. At year end it held assets of $548k against liabilities of $53k, net assets of $495k. It reported 35 employees.