Rivers School Corporation

Analysis

Rivers School Corporation is a registered charity in United States, based in Weston, MA. It received its IRS tax-exemption ruling in December 1932, 94 years ago. 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, Rivers School Corporation reported income of $42.6m and spending of $40.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.6m to $42.6m (+10%), an average of +2.5% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rivers School Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include J N Pew Jr Charitable Trust ($42.6m), Harold Grinspoon Foundation ($42.6m) and Indianapolis Motor Speedway Foundation Inc ($42.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.1m (2.8% of expenses). Other salaries and wages came to $16.4m. It paid $19k in professional fundraising fees. At year end it held assets of $119.0m against liabilities of $28.8m, net assets of $90.3m. It reported 430 employees.