Rivermont Collegiate

Analysis

Rivermont Collegiate is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in January 1973, 53 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, Rivermont Collegiate reported income of $4.8m and spending of $5.5m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $4.8m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rivermont Collegiate 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 92nd percentile within IA. Charities of a similar size with the same main cause include Montana State University Book Store Inc ($4.8m), Professional Child Care Provider Association ($4.8m) and Massachusetts Conference for Women Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $241k (4.4% of expenses). Other salaries and wages came to $1.9m. It paid $28k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $7.0m, net assets of $2.8m. It reported 87 employees.