Riverside Museum Associates

Analysis

Riverside Museum Associates is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in May 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Riverside Museum Associates reported income of $84k and spending of $30k, leaving 64% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $32k to $84k (+164%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 42% 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 Museum Associates sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Ohana Dance Group ($84k), Jackson County Historical Society ($84k) and Siloam Springs Museum Society ($84k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $775k against liabilities of $0, net assets of $775k.