River Charter Schools

Analysis

River Charter Schools is a registered charity in United States, based in Clarksburg, CA. It received its IRS tax-exemption ruling in September 2009, 17 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 2023, River Charter Schools reported income of $13.3m and spending of $13.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $13.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Charter Schools sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Hickory Point Christian Village ($13.3m), United Way of the Piedmont Inc ($13.3m) and Yeshiva Har Torah ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $462k (3.5% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $8.4m against liabilities of $1.8m, net assets of $6.6m. It reported 163 employees.