Riverwalk Education Foundation Inc

Analysis

Riverwalk Education Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 2003, 23 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, Riverwalk Education Foundation Inc reported income of $128.4m and spending of $133.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.3m to $128.4m (+196%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverwalk Education Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Franciscan University of Steubenville ($128.2m), Champlain College Inc ($128.5m) and Ethical Culture Fieldston School ($127.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $1.5m (1.1% of expenses). Other salaries and wages came to $74.7m. At year end it held assets of $397.7m against liabilities of $394.7m, net assets of $3.1m. It reported 1,850 employees.