River Islands Academies

Analysis

River Islands Academies is a registered charity in United States, based in Lathrop, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 Islands Academies reported income of $32.5m and spending of $28.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $32.5m (+324%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, River Islands Academies sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include International College-Beirut Lebanon ($32.4m), Lycee Francais de San Francisco ($32.5m) and Rabun Gap-Nacoochee School ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $210k (0.7% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $27.0m against liabilities of $8.1m, net assets of $18.9m. It reported 339 employees.