Riverfront Ministries

Analysis

Riverfront Ministries is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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, Riverfront Ministries reported income of $295k and spending of $360k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $346k to $295k (-15%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverfront Ministries sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within DE. Charities of a similar size with the same main cause include Nomads Soccer Club ($295k), Npca Educational Foundation Inc ($295k) and Powell United Methodist Preschool ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $129k (36% of expenses). At year end it held assets of $66k against liabilities of $0, net assets of $66k. It reported 4 employees.