River Fund New York Inc
River Fund New York Inc consistently directs funds to programs with no reported officer compensation.
EIN: 113450363 · Richmond Hill, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.6M |
| Total Expenses | $8.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $3.4M |
| Transparency Score | 92/100 |
Is River Fund New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
River Fund New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About River Fund New York Inc
River Fund New York Inc (EIN: 113450363) is a nonprofit organization based in Richmond Hill, NY, classified under NTEE code P20. The organization reported total revenue of $11.6M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Fund New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Fund New York Inc is a large nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $8.2M |
| Surplus / Deficit | $-242,737 |
| Total Assets | $4.4M |
| Total Liabilities | $927K |
| Net Assets | $3.4M |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 6.4 months |
Financial Health Grade: B
In 2023, River Fund New York Inc reported a deficit of $243K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), River Fund New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +0.3% | -7.7% |
| 2022 | -48.2% | -45.2% | +15.7% |
| 2021 | +236.3% | +158.9% | +140.3% |
| 2020 | -13.5% | -2.1% | -11.2% |
| 2019 | +17.4% | +7.8% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates River Fund New York Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, River Fund New York Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $243K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with annual revenues often exceeding $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of River Fund New York Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, particularly the sharp drop from $17.5M in 2021 to $7.9M in 2023, warrant further investigation into funding sources and sustainability.
Strengths
The following positive indicators were identified for River Fund New York Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
- Healthy growth in assets over the past decade, from $1,099,001 in 2014 to $4,363,639 in 2023, demonstrating financial stability.
- Long history of IRS 990 filings (12 filings), indicating consistent transparency and compliance.
- Manageable liabilities relative to assets, suggesting responsible financial management.
Frequently Asked Questions about River Fund New York Inc
Is River Fund New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, River Fund New York Inc (EIN: 113450363) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does River Fund New York Inc spend its money?
River Fund New York Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to River Fund New York Inc tax-deductible?
River Fund New York Inc is registered as a tax-exempt nonprofit (EIN: 113450363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the River Fund New York Inc CEO make?
River Fund New York Inc's highest-compensated officer earns $5 annually. The organization reported $11.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of River Fund New York Inc's spending goes to programs?
River Fund New York Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does River Fund New York Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), River Fund New York Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is River Fund New York Inc located?
River Fund New York Inc is headquartered in Richmond Hill, New York and files with the IRS under EIN 113450363. It is classified under NTEE code P20.
How many years of IRS 990 filings does River Fund New York Inc have?
River Fund New York Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.6M in total revenue.
Is River Fund New York Inc a good charity?
Based on the provided financial data, River Fund New York Inc appears to be a very good charity. It consistently allocates a high percentage of its budget to programs, maintains a healthy asset base, and reports no officer compensation, all of which are strong indicators of efficiency and dedication to its mission.
How has River Fund New York Inc's revenue trended over time?
River Fund New York Inc's revenue has shown significant fluctuation, peaking at $17,574,228 in 2021, then decreasing to $9,106,932 in 2022 and $7,922,206 in 2023, after a period of steady growth from $4,806,670 in 2014.
What is the organization's financial stability?
The organization demonstrates good financial stability, with assets growing from $1,099,001 in 2014 to $4,363,639 in 2023. Liabilities have remained manageable relative to assets, indicating a healthy balance sheet.
Does River Fund New York Inc spend efficiently?
Yes, the organization appears to spend very efficiently. The consistent reporting of 0% officer compensation strongly suggests that resources are primarily directed towards program delivery and operational needs rather than executive salaries.
Filing History
IRS 990 filing history for River Fund New York Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), River Fund New York Inc's revenue has grown by 245.2%, moving from $2.3M to $7.9M. Total assets increased by 1320.7% over the same period, from $307K to $4.4M. Total functional expenses rose by 265.1%, from $2.2M to $8.2M. In its most recent filing year (2023), River Fund New York Inc reported a deficit of $243K, with expenses exceeding revenue. The organization holds $927K in liabilities against $4.4M in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $8.2M | $4.4M | $927K | — | View 990 |
| 2022 | $9.1M | $8.1M | $4.7M | $164K | — | View 990 |
| 2021 | $17.6M | $14.8M | $4.1M | $492K | — | View 990 |
| 2020 | $5.2M | $5.7M | $1.7M | $837K | — | View 990 |
| 2019 | $6.0M | $5.9M | $1.9M | $546K | — | View 990 |
| 2018 | $5.1M | $5.4M | $1.8M | $595K | — | View 990 |
| 2017 | $5.3M | $5.6M | $2.1M | $635K | — | View 990 |
| 2016 | $4.7M | $4.7M | $2.2M | $495K | — | View 990 |
| 2015 | $4.8M | $4.2M | $1.9M | $183K | — | View 990 |
| 2014 | $4.8M | $4.6M | $1.1M | $35K | — | View 990 |
| 2013 | $4.5M | $3.9M | $883K | $54K | — | View 990 |
| 2012 | $2.3M | $2.2M | $307K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $8.2M, and assets of $4.4M (revenue -13.0% year-over-year).
- 2022: Revenue of $9.1M, expenses of $8.1M, and assets of $4.7M (revenue -48.2% year-over-year).
- 2021: Revenue of $17.6M, expenses of $14.8M, and assets of $4.1M (revenue +236.3% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.7M, and assets of $1.7M (revenue -13.5% year-over-year).
- 2019: Revenue of $6.0M, expenses of $5.9M, and assets of $1.9M (revenue +17.4% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.4M, and assets of $1.8M (revenue -3.9% year-over-year).
- 2017: Revenue of $5.3M, expenses of $5.6M, and assets of $2.1M (revenue +13.4% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.7M, and assets of $2.2M (revenue -2.6% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.2M, and assets of $1.9M (revenue +0.7% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.6M, and assets of $1.1M (revenue +7.6% year-over-year).
- 2013: Revenue of $4.5M, expenses of $3.9M, and assets of $883K (revenue +94.6% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $307K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Fund New York Inc:
Data Sources and Methodology
This transparency report for River Fund New York Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.