River Place

Analysis

River Place is a registered charity in United States, based in Warroad, MN. It received its IRS tax-exemption ruling in August 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, River Place reported income of $7.5m and spending of $318k, leaving 96% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $550k to $7.5m (+1270%), an average of +139% a year. The sharpest change came in the year to December 2021, when income rose by 3100%. Over the whole period it spent 1.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River Place sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Richmond Symphony ($7.5m), Brooklyn Childrens Museum Corp ($7.5m) and Stan Hywet Hall & Gardens Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $166k (52% of expenses). At year end it held assets of $30.9m against liabilities of $1.5m, net assets of $29.4m. It reported 1 employees.