Riverbank Organization

Analysis

Riverbank Organization is a registered charity in United States, based in San Juan Capo, CA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverbank Organization reported income of $109k and spending of $75k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $109k (+265%), an average of +265% a year. The sharpest change came in the year to December 2023, when income rose by 265%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverbank Organization sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Kentucky Pest Control Educational Fund ($109k), Main Street Thriftique ($109k) and One Less Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.