The River School HCSR

Analysis

The River School HCSR is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The River School HCSR reported income of $13.8m and spending of $9.8m, leaving 29% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.5m to $13.8m (+44%), an average of +9.6% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The River School HCSR sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include University of New Orleans Foundation ($13.8m), Frederica Academy Inc ($13.8m) and Children First Inc ($13.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $554k (5.7% of expenses). Other salaries and wages came to $5.3m. It paid $2,500 in professional fundraising fees. At year end it held assets of $26.2m against liabilities of $11.2m, net assets of $15.1m. It reported 90 employees.