Riverside Military Academy Inc

Analysis

Riverside Military Academy Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in June 1941, 85 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 May 2023, Riverside Military Academy Inc reported income of $15.1m and spending of $22.4m, spending 148% of what it took in. Across the 6 years on record, from May 2018 to May 2023, income fell from $24.0m to $15.1m (-37%), an average of -8.8% a year. The sharpest change came in the year to May 2023, when income dropped by 34%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverside Military Academy Inc 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 97th percentile within GA. Charities of a similar size with the same main cause include Insight School of Oregon Painted Hills ($15.1m), Wallace Stegner Academy ($15.1m) and Marine Military Academy Inc ($15.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $752k (3.4% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $71.2m against liabilities of $51.8m, net assets of $19.4m. It reported 190 employees.