Riverside School Inc

Analysis

Riverside School Inc is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in March 1975, 51 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, Riverside School Inc reported income of $3.7m and spending of $3.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.7m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverside School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Ambassadors Fund for Catholic Education ($3.7m), Austin Peace Academy ($3.7m) and Universal Technology College of Puerto Rico Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $238k (6.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.1m against liabilities of $2.2m, net assets of $5.9m. It reported 65 employees.