Rivet Global

Analysis

Rivet Global is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rivet Global reported income of $1.1m and spending of $991k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $364k to $1.1m (+207%), an average of +207% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rivet Global sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Dunklin Day Activity Center ($1.1m), Morristown After School Program ($1.1m) and Learning 4 the Future Childcare Inc NFP ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $260k (26% of expenses). Other salaries and wages came to $212k. At year end it held assets of $139k against liabilities of $121k, net assets of $18k. It reported 7 employees.