River Springs Charter School Inc

Analysis

River Springs Charter School Inc is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, River Springs Charter School Inc reported income of $118.3m and spending of $104.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.7m to $118.3m (+72%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, River Springs Charter School 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 99th percentile within CA. Charities of a similar size with the same main cause include Mount Saint Marys University ($117.8m), Davenport University ($118.6m) and Franklin Academy Foundation Inc ($117.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $42k (0.0% of expenses). Other salaries and wages came to $50.2m. At year end it held assets of $140.1m against liabilities of $97.4m, net assets of $42.6m. It reported 969 employees.