Riverside Charitable Corporation

Analysis

Riverside Charitable Corporation is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Riverside Charitable Corporation reported income of $20.5m and spending of $11.1m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $20.5m (+600%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 200%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverside Charitable Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Viecare Butler LLC ($20.5m), Alfa Development Inc ($20.5m) and Bay Area Senior Services Inc ($20.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $889k (8.0% of expenses). Other salaries and wages came to $481k. At year end it held assets of $56.2m against liabilities of $6.3m, net assets of $49.9m. It reported 10 employees.