Riggs Institute & Prepartory

Analysis

Riggs Institute & Prepartory is a registered charity in United States, based in White, SD. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 2024, Riggs Institute & Prepartory reported income of $81k and spending of $121k, spending 149% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $101k to $81k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 147%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riggs Institute & Prepartory sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within SD. Charities of a similar size with the same main cause include Lincoln Library Foundation ($81k), Literacy Connexus Inc ($81k) and English Center ($81k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 58% of the total. Compensation of current officers, directors and key employees was $35k (29% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.