Riverside Community College District Foundation

Analysis

Riverside Community College District Foundation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in January 1976, 50 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 June 2023, Riverside Community College District Foundation reported income of $1.6m and spending of $2.2m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.6m (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2021, when income rose by 225%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Community College District Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Pine View Christian Home Inc ($1.6m), New York State Coalition Against Domestic Violence Inc ($1.6m) and Minnesota Heat Hoops Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $20.6m against liabilities of $327k, net assets of $20.3m.