Riverdale Nursery School and Family Center

Analysis

Riverdale Nursery School and Family Center is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 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 August 2023, Riverdale Nursery School and Family Center reported income of $1.3m and spending of $1.2m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $678k to $1.3m (+99%), an average of +19% a year. The sharpest change came in the year to August 2022, when income rose by 630%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverdale Nursery School and Family Center sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Lead Liberated ($1.3m), Garden of Dreams Community Preschool and Child Care ($1.3m) and Artesian Community School ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $99k (8.5% of expenses). Other salaries and wages came to $345k. At year end it held assets of $2.8m against liabilities of $1.9m, net assets of $880k. It reported 17 employees.