River Oaks Academy Charter School

Analysis

River Oaks Academy Charter School is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in April 2011, 15 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 Oaks Academy Charter School reported income of $5.1m and spending of $4.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $5.1m (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, River Oaks Academy Charter School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Axl Charter School ($5.1m), University of Wisconsin River Falls Foundation ($5.1m) and Memphis Grizzlies Preparatory Charter School Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $268k (5.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.2m against liabilities of $1.8m, net assets of $1.5m. It reported 65 employees.