Riverview School Inc

Analysis

Riverview School Inc is a registered charity in United States, based in East Sandwich, MA. It received its IRS tax-exemption ruling in February 1960, 66 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, Riverview School Inc reported income of $27.7m and spending of $26.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.3m to $27.7m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverview School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Union Commonwealth University ($27.6m), Hillel Day School of Metropolitan Detroit ($27.7m) and Friends Of@ascend Charter Schools Inc ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $741k (2.8% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $63.8m against liabilities of $2.7m, net assets of $61.0m. It reported 445 employees.