The Riviera Ridge School

Analysis

The Riviera Ridge School is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 1972, 54 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, The Riviera Ridge School reported income of $9.0m and spending of $9.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $9.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Riviera Ridge School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Clark Summit University ($9.0m), Crown Point Christian School Association Inc ($9.0m) and Thrivepoint High School ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $522k (5.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $11.4m against liabilities of $4.7m, net assets of $6.7m. It reported 90 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.