Riverbank Charter School of Excellence

Analysis

Riverbank Charter School of Excellence is a registered charity in United States, based in Roebling, NJ. It received its IRS tax-exemption ruling in July 2010, 16 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, Riverbank Charter School of Excellence reported income of $2.6m and spending of $2.7m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverbank Charter School of Excellence sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Evergreen Christian School ($2.6m), Modesto Junior College Foundation ($2.6m) and Spring Street International School ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (0.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $267k. It reported 29 employees.