Riverzedge Arts Project
Riverzedge Arts Project maintains strong asset growth and reports no officer compensation, despite a recent operating deficit.
EIN: 134206227 · Woonsocket, RI · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $557K |
| Total Expenses | $851K |
| Program Spending | 85% |
| Net Assets | $742K |
| Transparency Score | 90/100 |
Is Riverzedge Arts Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverzedge Arts Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverzedge Arts Project
Riverzedge Arts Project (EIN: 134206227) is a nonprofit organization based in Woonsocket, RI, classified under NTEE code O50. The organization reported total revenue of $557K and total assets of $708K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverzedge Arts Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverzedge Arts Project is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $766K |
| Total Expenses | $851K |
| Surplus / Deficit | $-84,449 |
| Total Assets | $827K |
| Total Liabilities | $85K |
| Net Assets | $742K |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 11.7 months |
Financial Health Grade: B
In 2023, Riverzedge Arts Project reported a deficit of $84K with expenses exceeding revenue, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Riverzedge Arts Project's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +9.7% | -4.7% |
| 2022 | +16.1% | +40.3% | +12.6% |
| 2021 | +29.4% | +2.5% | +28.6% |
| 2020 | +40.4% | +16.3% | +22.9% |
| 2019 | -35.7% | +2.8% | -20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Riverzedge Arts Project with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Riverzedge Arts Project allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
Riverzedge Arts Project consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is negligible and not reported as such. This suggests a highly efficient use of funds, with resources directed entirely towards program delivery and administrative overhead.
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 Riverzedge Arts Project's IRS 990 filings:
- Operating deficit in the latest fiscal year (202312), with expenses ($850,590) exceeding revenue ($766,141).
Strengths
The following positive indicators were identified for Riverzedge Arts Project:
- Consistent reporting of 0% officer compensation, indicating high efficiency and transparency.
- Strong asset growth over time, from $178,778 in 2016 to $826,774 in 2023, demonstrating effective financial management.
- Assets consistently exceed liabilities, indicating a healthy balance sheet and financial resilience.
- Positive net income in multiple recent years (e.g., 2022: $858,675 revenue vs. $775,146 expenses; 2021: $739,892 revenue vs. $552,375 expenses).
Frequently Asked Questions about Riverzedge Arts Project
Is Riverzedge Arts Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverzedge Arts Project (EIN: 134206227) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Riverzedge Arts Project spend its money?
Riverzedge Arts Project directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverzedge Arts Project tax-deductible?
Riverzedge Arts Project is registered as a tax-exempt nonprofit (EIN: 134206227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riverzedge Arts Project's spending goes to programs?
Riverzedge Arts Project directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverzedge Arts Project compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Riverzedge Arts Project is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverzedge Arts Project located?
Riverzedge Arts Project is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 134206227. It is classified under NTEE code O50.
How many years of IRS 990 filings does Riverzedge Arts Project have?
Riverzedge Arts Project has 14 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 $557K in total revenue.
Is Riverzedge Arts Project financially stable?
Yes, the organization appears financially stable, demonstrated by consistent asset growth from $178,778 in 2016 to $826,774 in 2023, and assets consistently exceeding liabilities. While the 2023 fiscal year showed an operating deficit ($766,141 revenue vs. $850,590 expenses), this follows a surplus in 2022 and does not immediately indicate instability given the overall asset base.
How does Riverzedge Arts Project manage executive compensation?
Riverzedge Arts Project reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers. This is a strong positive for efficiency and transparency, suggesting a volunteer-driven or very low-cost leadership structure.
What is the trend in Riverzedge Arts Project's revenue and expenses?
Revenue and expenses have fluctuated over the years. For example, revenue peaked at $858,675 in 2022 and then decreased to $766,141 in 2023. Expenses have also varied, with the highest recorded in 2023 at $850,590. Despite these fluctuations, the organization has generally managed to maintain or grow its assets.
Filing History
IRS 990 filing history for Riverzedge Arts Project showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Riverzedge Arts Project's revenue has grown by 8.2%, moving from $708K to $766K. Total assets increased by 127.3% over the same period, from $364K to $827K. Total functional expenses rose by 47.6%, from $576K to $851K. In its most recent filing year (2023), Riverzedge Arts Project reported a deficit of $84K, with expenses exceeding revenue. The organization holds $85K in liabilities against $827K in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $742K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $766K | $851K | $827K | $85K | — | — |
| 2022 | $859K | $775K | $867K | $41K | — | View 990 |
| 2021 | $740K | $552K | $770K | $28K | — | View 990 |
| 2020 | $572K | $539K | $599K | $41K | — | View 990 |
| 2019 | $407K | $463K | $487K | $62K | — | View 990 |
| 2018 | $633K | $451K | $614K | $132K | — | View 990 |
| 2017 | $643K | $470K | $349K | $50K | — | View 990 |
| 2016 | $513K | $523K | $179K | $52K | — | View 990 |
| 2015 | $529K | $529K | $187K | $51K | — | View 990 |
| 2014 | $744K | $606K | $195K | $59K | — | View 990 |
| 2013 | $613K | $657K | $110K | $88K | — | View 990 |
| 2012 | $540K | $642K | $87K | $21K | — | View 990 |
| 2011 | $387K | $578K | $181K | $13K | — | View 990 |
| 2010 | $708K | $576K | $364K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $766K, expenses of $851K, and assets of $827K (revenue -10.8% year-over-year).
- 2022: Revenue of $859K, expenses of $775K, and assets of $867K (revenue +16.1% year-over-year).
- 2021: Revenue of $740K, expenses of $552K, and assets of $770K (revenue +29.4% year-over-year).
- 2020: Revenue of $572K, expenses of $539K, and assets of $599K (revenue +40.4% year-over-year).
- 2019: Revenue of $407K, expenses of $463K, and assets of $487K (revenue -35.7% year-over-year).
- 2018: Revenue of $633K, expenses of $451K, and assets of $614K (revenue -1.5% year-over-year).
- 2017: Revenue of $643K, expenses of $470K, and assets of $349K (revenue +25.2% year-over-year).
- 2016: Revenue of $513K, expenses of $523K, and assets of $179K (revenue -3.0% year-over-year).
- 2015: Revenue of $529K, expenses of $529K, and assets of $187K (revenue -28.9% year-over-year).
- 2014: Revenue of $744K, expenses of $606K, and assets of $195K (revenue +21.3% year-over-year).
- 2013: Revenue of $613K, expenses of $657K, and assets of $110K (revenue +13.6% year-over-year).
- 2012: Revenue of $540K, expenses of $642K, and assets of $87K (revenue +39.6% year-over-year).
- 2011: Revenue of $387K, expenses of $578K, and assets of $181K (revenue -45.4% year-over-year).
- 2010: Revenue of $708K, expenses of $576K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverzedge Arts Project:
Data Sources and Methodology
This transparency report for Riverzedge Arts Project 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.