Riverside Plaza Two Inc

Analysis

Riverside Plaza Two Inc is a registered charity in United States, based in Douglas, WY. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Riverside Plaza Two Inc reported income of $361k and spending of $339k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $361k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Plaza Two Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within WY. Charities of a similar size with the same main cause include Tioga County Property Development Corporation ($361k), Bivins Village ($361k) and Esperanza-39th Street Partners Corporation ($361k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.3m against liabilities of $1.5m, net assets of -$178k. It reported 8 employees.