Riley School Inc

Analysis

Riley School Inc is a registered charity in United States, based in Rockport, ME. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Riley School Inc reported income of $732k and spending of $849k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $814k to $732k (-10%), an average of -3.5% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riley School Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Cristo Rey San Diego Corporate Work Study Program Inc ($731k), Harvard Club of Boston ($732k) and Working Together Mississippi ($731k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $59k (7.0% of expenses). Other salaries and wages came to $460k. It paid $5,500 in professional fundraising fees. At year end it held assets of $910k against liabilities of $490k, net assets of $421k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.