Riverside Academy Inc

Analysis

Riverside Academy Inc is a registered charity in United States, based in Reserve, LA. It received its IRS tax-exemption ruling in May 2000, 26 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 Academy Inc reported income of $5.0m and spending of $4.5m, spending 91% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $3.7m to $5.0m (+35%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverside Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Beaufort Academy Inc ($5.0m), Rocking the Boat Inc ($5.0m) and Massachusetts Charter Public School Association Inc ($5.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 40% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $85k (1.9% of expenses). At year end it held assets of $4.5m against liabilities of $3.2m, net assets of $1.2m. It reported 103 employees.