Riverwalk Academy Inc

Analysis

Riverwalk Academy Inc is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in December 2014, 12 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, Riverwalk Academy Inc reported income of $8.1m and spending of $7.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $8.1m (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverwalk Academy Inc 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 96th percentile within SC. Charities of a similar size with the same main cause include Summit Academy Inc ($8.1m), Legacy Traditional School-Peoria ($8.1m) and Radford University Foundation Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $130k (1.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $14.8m against liabilities of $13.5m, net assets of $1.2m. It reported 94 employees.