Riverdale Academy Inc

Analysis

Riverdale Academy Inc is a registered charity in United States, based in Coushatta, LA. It received its IRS tax-exemption ruling in February 2003, 23 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 July 2024, Riverdale Academy Inc reported income of $1.1m and spending of $1.3m, spending 113% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $708k to $1.1m (+57%), an average of +9.5% a year. The sharpest change came in the year to July 2023, when income rose by 120%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverdale Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Covenant Preparatory School Inc ($1.1m), Behind the Book Inc ($1.1m) and Roc Charlotte Inc ($1.1m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Other salaries and wages came to $45k. At year end it held assets of $751k against liabilities of $235k, net assets of $515k. It reported 48 employees.