River City Education Services

Analysis

River City Education Services is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2007, 19 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, River City Education Services reported income of $51.9m and spending of $49.4m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $24.2m to $51.9m (+114%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 46%. 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 City Education Services sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Coral Academy of Science Las Vegas ($51.9m), Piedmont University Inc ($52.0m) and Centenary University ($51.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $107.7m against liabilities of $97.0m, net assets of $10.7m. It reported 657 employees.