Riverside Center For The Performing Arts
Riverside Center For The Performing Arts experienced substantial revenue growth from $178,379 in 2015 to nearly $4 million recently.
EIN: 204771872 · Fredericksbrg, VA · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $9K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $177K |
| Transparency Score | 70/100 |
Is Riverside Center For The Performing Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverside Center For The Performing Arts directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverside Center For The Performing Arts
Riverside Center For The Performing Arts (EIN: 204771872) is a nonprofit organization based in Fredericksbrg, VA, classified under NTEE code A60. The organization reported total revenue of $4.0M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverside Center For The Performing Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverside Center For The Performing Arts is a mid-size nonprofit that has been operating for 19 years.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $9K |
| Surplus / Deficit | +$169K |
| Total Assets | $177K |
| Net Assets | $177K |
| Operating Margin | 94.9% |
| Months of Reserves | 234.3 months |
Financial Health Grade: A
In 2015, Riverside Center For The Performing Arts reported a surplus of $169K with revenue exceeding expenses, holds 234.3 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Riverside Center For The Performing Arts with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Riverside Center For The Performing Arts allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $169K, with revenue exceeding expenses.
Executive Compensation Analysis
In its 2015 filing, Riverside Center For The Performing Arts reported 0% officer compensation, which is highly unusual for an organization of any size and suggests either volunteer leadership or compensation being reported in other categories. With the significant increase in revenue to nearly $4 million, it is highly probable that executive compensation is now a factor, and its level would need to be evaluated against industry benchmarks for performing arts organizations of similar scale.
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 Riverside Center For The Performing Arts's IRS 990 filings:
- Lack of recent detailed expense breakdown for current revenue
- Unusually low (0%) officer compensation reported in 2015, which may not reflect current practices
Strengths
The following positive indicators were identified for Riverside Center For The Performing Arts:
- Significant revenue growth from $178,379 in 2015 to $3,995,751 currently
- Substantial increase in assets from $176,598 to $1,674,014
- No liabilities reported in the 2015 filing, indicating initial financial stability
Frequently Asked Questions about Riverside Center For The Performing Arts
Is Riverside Center For The Performing Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverside Center For The Performing Arts (EIN: 204771872) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Riverside Center For The Performing Arts spend its money?
Riverside Center For The Performing Arts directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverside Center For The Performing Arts tax-deductible?
Riverside Center For The Performing Arts is registered as a tax-exempt nonprofit (EIN: 204771872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Riverside Center For The Performing Arts CEO make?
Riverside Center For The Performing Arts's highest-compensated officer earns $4 annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Riverside Center For The Performing Arts's spending goes to programs?
Riverside Center For The Performing Arts directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverside Center For The Performing Arts compare to similar nonprofits?
With a transparency score of 70/100 (Good), Riverside Center For The Performing Arts is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverside Center For The Performing Arts located?
Riverside Center For The Performing Arts is headquartered in Fredericksbrg, Virginia and files with the IRS under EIN 204771872. It is classified under NTEE code A60.
Is Riverside Center For The Performing Arts a good charity?
Based on the available data, the organization demonstrated strong financial health in 2015 with minimal expenses and no liabilities. The substantial revenue growth indicates increasing community engagement and operational scale. However, a full assessment of its 'goodness' as a charity would require more recent detailed expense breakdowns to evaluate program efficiency and administrative overhead.
What is the current program spending ratio?
The provided data does not include a detailed breakdown of current expenses. The 2015 filing showed expenses of $9,044 against revenue of $178,379, but this is not representative of current operations. To determine the current program spending ratio, more recent and detailed expense data is needed.
How has the organization's asset base changed?
The organization's assets grew from $176,598 in 2015 to $1,674,014 in the latest reporting period, indicating significant growth in its financial resources and capacity.
Filing History
IRS 990 filing history for Riverside Center For The Performing Arts showing financial trends over 1 year of public records:
In its most recent filing year (2015), Riverside Center For The Performing Arts reported a surplus of $169K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $178K | $9K | $177K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverside Center For The Performing Arts:
Data Sources and Methodology
This transparency report for Riverside Center For The Performing Arts 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.