Rivers Institute

Analysis

Rivers Institute is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2020, 6 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, Rivers Institute reported income of $778k and spending of $685k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $553k to $778k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rivers Institute sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Society for Prevention Research Incorporated ($777k), Pittsburg Arts and Community Foundation ($778k) and Olympia Downtown Association ($777k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $334k. At year end it held assets of $350k against liabilities of $7,789, net assets of $343k. It reported 4 employees.