River Mill Academy

Analysis

River Mill Academy is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in November 2004, 22 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 Mill Academy reported income of $7.6m and spending of $6.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $7.6m (+7.0%), an average of +1.7% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, River Mill Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Waldorf Lutheran College Foundation Inc ($7.6m), Multnomah Learning Academy ($7.6m) and Legacy Preparatory Christian Academy ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $141k (2.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $13.7m against liabilities of $11.3m, net assets of $2.4m. It reported 83 employees.