Riffraff Arts Collective Inc

Analysis

Riffraff Arts Collective Inc is a registered charity in United States, based in Princeton, WV. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Riffraff Arts Collective Inc reported income of $880k and spending of $620k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $334k to $880k (+164%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riffraff Arts Collective Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within WV. Charities of a similar size with the same main cause include The Northampton Academy of Music Inc ($880k), Grand Center for Arts & Culture Inc ($880k) and Integral Community Solutions Institute ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $61k (9.8% of expenses). At year end it held assets of $671k against liabilities of $0, net assets of $671k.