Riverside Arts Council

Analysis

Riverside Arts Council is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in August 1978, 48 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 June 2024, Riverside Arts Council reported income of $466k and spending of $504k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $438k to $466k (+6.6%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Arts Council 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 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Historical Society of the Phoenixville Area ($466k), Skidmark Cle ($466k) and Bosque Museum ($466k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $100k (20% of expenses). Other salaries and wages came to $189k. At year end it held assets of $307k against liabilities of $93k, net assets of $214k. It reported 15 employees.