Riverside Educational Center

Analysis

Riverside Educational Center is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in December 2006, 20 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, Riverside Educational Center reported income of $6.7m and spending of $4.4m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $6.7m (+381%), an average of +69% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverside Educational Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Marianne Frostig Center of Educational Therapy ($6.7m), Frostburg State University Foundation ($6.7m) and Prep Public Schools ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $102k (2.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $3.1m against liabilities of $284k, net assets of $2.8m. It reported 304 employees.