Rio Grande School

Analysis

Rio Grande School is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 1979, 47 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, Rio Grande School reported income of $4.0m and spending of $4.3m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $4.0m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include Wilmington Institute Free Library ($4.0m), Reach for Resources Inc ($4.0m) and C S B S Education Foundation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $287k (6.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $10.2m against liabilities of $1.5m, net assets of $8.7m. It reported 63 employees.