Riley School Inc
Riley School Inc. consistently operates with zero officer compensation, frequently incurring deficits while maintaining stable assets.
EIN: 10316964 · Rockport, ME · NTEE: B24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $849K |
| Program Spending | 90% |
| Net Assets | $421K |
| Transparency Score | 88/100 |
Is Riley School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riley School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riley School Inc
Riley School Inc (EIN: 10316964) is a nonprofit organization based in Rockport, ME, classified under NTEE code B24Z. The organization reported total revenue of $1.1M and total assets of $828K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riley School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riley School Inc is a mid-size nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $849K |
| Surplus / Deficit | $-117,537 |
| Total Assets | $910K |
| Total Liabilities | $490K |
| Net Assets | $421K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 53.8% |
| Months of Reserves | 12.9 months |
Financial Health Grade: C
In 2023, Riley School Inc reported a deficit of $118K with expenses exceeding revenue, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 53.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riley School Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +5.9% | -1.6% |
| 2022 | +11.4% | +9.9% | -2.0% |
| 2021 | -14.0% | +7.6% | -7.4% |
| 2020 | +29.6% | +2.2% | +19.7% |
| 2019 | +1.2% | +8.1% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riley School Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Riley School Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.8%.
Executive Compensation Analysis
Riley School Inc. reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Riley School Inc's IRS 990 filings:
- Frequent operating deficits (e.g., 202306, 202206, 202106, 201906, 201706, 201606, 201406) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Riley School Inc:
- Consistent 0% officer compensation across all filings, indicating highly efficient use of funds for executive pay.
- Stable asset base (typically above $800,000) despite periodic operating deficits, suggesting financial resilience.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
Frequently Asked Questions about Riley School Inc
Is Riley School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Riley School Inc (EIN: 10316964) some concerns. Mission Score: 88/100. 1 red flag identified, 3 strengths noted.
How does Riley School Inc spend its money?
Riley School Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riley School Inc tax-deductible?
Riley School Inc is registered as a tax-exempt nonprofit (EIN: 10316964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riley School Inc's spending goes to programs?
Riley School Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riley School Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Riley School Inc is above average for NTEE category B24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riley School Inc located?
Riley School Inc is headquartered in Rockport, Maine and files with the IRS under EIN 10316964. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Riley School Inc have?
Riley School Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is Riley School Inc. financially sustainable given its frequent deficits?
While Riley School Inc. has reported deficits in multiple periods (e.g., 202306, 202206, 202106), its asset base has remained relatively stable, suggesting these deficits are either covered by reserves or offset by prior surpluses. Further analysis of their balance sheet and funding sources would be needed to fully assess long-term sustainability.
How does Riley School Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, which is highly unusual and suggests a strong dedication to the mission.
What is the trend in the organization's net assets?
Net assets have fluctuated but generally remained robust, with assets at $910,382 in 202306 and $827,798 in the latest reported period. Despite periodic deficits, the organization has largely maintained its asset base, indicating financial resilience.
Filing History
IRS 990 filing history for Riley School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riley School Inc's revenue has declined by 13.4%, moving from $845K to $732K. Total assets decreased by 5.4% over the same period, from $963K to $910K. Total functional expenses fell by 8.5%, from $927K to $849K. In its most recent filing year (2023), Riley School Inc reported a deficit of $118K, with expenses exceeding revenue. The organization holds $490K in liabilities against $910K in assets (debt-to-asset ratio: 53.8%), resulting in net assets of $421K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $849K | $910K | $490K | — | View 990 |
| 2022 | $780K | $802K | $925K | $388K | — | View 990 |
| 2021 | $701K | $730K | $944K | $384K | — | View 990 |
| 2020 | $814K | $679K | $1.0M | $429K | — | View 990 |
| 2019 | $628K | $664K | $852K | $397K | — | View 990 |
| 2018 | $621K | $614K | $852K | $361K | — | View 990 |
| 2017 | $688K | $756K | $870K | $386K | — | View 990 |
| 2016 | $626K | $739K | $929K | $377K | — | View 990 |
| 2015 | $951K | $717K | $1.1M | $384K | — | View 990 |
| 2014 | $722K | $879K | $863K | $416K | — | View 990 |
| 2013 | $943K | $869K | $1.1M | $478K | — | View 990 |
| 2012 | $734K | $880K | $893K | $363K | — | View 990 |
| 2011 | $845K | $927K | $963K | $286K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $849K, and assets of $910K (revenue -6.3% year-over-year).
- 2022: Revenue of $780K, expenses of $802K, and assets of $925K (revenue +11.4% year-over-year).
- 2021: Revenue of $701K, expenses of $730K, and assets of $944K (revenue -14.0% year-over-year).
- 2020: Revenue of $814K, expenses of $679K, and assets of $1.0M (revenue +29.6% year-over-year).
- 2019: Revenue of $628K, expenses of $664K, and assets of $852K (revenue +1.2% year-over-year).
- 2018: Revenue of $621K, expenses of $614K, and assets of $852K (revenue -9.8% year-over-year).
- 2017: Revenue of $688K, expenses of $756K, and assets of $870K (revenue +9.9% year-over-year).
- 2016: Revenue of $626K, expenses of $739K, and assets of $929K (revenue -34.1% year-over-year).
- 2015: Revenue of $951K, expenses of $717K, and assets of $1.1M (revenue +31.7% year-over-year).
- 2014: Revenue of $722K, expenses of $879K, and assets of $863K (revenue -23.4% year-over-year).
- 2013: Revenue of $943K, expenses of $869K, and assets of $1.1M (revenue +28.5% year-over-year).
- 2012: Revenue of $734K, expenses of $880K, and assets of $893K (revenue -13.2% year-over-year).
- 2011: Revenue of $845K, expenses of $927K, and assets of $963K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riley School Inc:
Data Sources and Methodology
This transparency report for Riley School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.