Riverway Learning Community

Analysis

Riverway Learning Community is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in November 1999, 27 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, Riverway Learning Community reported income of $2.5m and spending of $2.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.5m (+46%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverway Learning Community 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 87th percentile within MN. Charities of a similar size with the same main cause include Relational Care Ministries Inc ($2.5m), Tooney Town Early Learning Center Inc ($2.5m) and The Ellie Fund ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $215k (10% of expenses). Other salaries and wages came to $955k. At year end it held assets of $3.1m against liabilities of $2.6m, net assets of $467k. It reported 56 employees.