Riverbend Stadium Authority Inc

Analysis

Riverbend Stadium Authority Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Riverbend Stadium Authority Inc reported income of $479k and spending of $1.4m, spending 289% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $13.5m to $479k (-96%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 91%. Over the whole period it spent 10% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Riverbend Stadium Authority Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Brookline Soccer Club Inc ($479k), First Serve Okc Foundation ($479k) and Zap Fitness Foundation Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. At year end it held assets of $42.7m against liabilities of $5.6m, net assets of $37.0m.