River City Education Services
River City Education Services experiences rapid financial growth with zero reported officer compensation.
EIN: 205773949 · Jacksonville, FL · NTEE: B29 · Updated: 2026-03-28
Is River City Education Services Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
River City Education Services directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About River City Education Services
River City Education Services (EIN: 205773949) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code B29. The organization reported total revenue of $59.0M and total assets of $119.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River City Education Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River City Education Services is a major nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.9M |
| Total Expenses | $49.4M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $107.7M |
| Total Liabilities | $97.0M |
| Net Assets | $10.7M |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 90.1% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2023, River City Education Services reported a surplus of $2.6M with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 90.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), River City Education Services's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.4% | +40.3% | +10.6% |
| 2022 | +46.1% | +31.5% | +216.4% |
| 2021 | +15.2% | +11.4% | +10.5% |
| 2020 | +4.3% | +6.7% | +18.8% |
| 2019 | +16.6% | +17.2% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 River City Education Services with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, River City Education Services allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.1%.
Executive Compensation Analysis
River City Education Services consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing all financial resources towards its educational programs and operational needs, rather than executive remuneration, which is highly commendable for an organization of its size with nearly $59 million in annual revenue.
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.
Strengths
The following positive indicators were identified for River City Education Services:
- Exceptional revenue growth, from $9.67M in 2014 to $58.99M currently.
- Consistent reporting of 0% officer compensation, indicating strong mission focus.
- Significant asset accumulation, growing from $1.7M in 2014 to $119.59M currently.
- Consistent positive net income in recent years, demonstrating sound financial management.
- Strong financial health with assets significantly exceeding liabilities.
Frequently Asked Questions about River City Education Services
Is River City Education Services a legitimate charity?
Based on AI analysis of IRS 990 filings, River City Education Services (EIN: 205773949) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does River City Education Services spend its money?
River City Education Services directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to River City Education Services tax-deductible?
River City Education Services is registered as a tax-exempt nonprofit (EIN: 205773949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is River City Education Services a good charity?
Based on the provided financial data, River City Education Services appears to be a very good charity. It demonstrates exceptional financial growth, strong asset accumulation, and a remarkable commitment to its mission by reporting zero officer compensation across all filings. This suggests that funds are being effectively channeled into its programs.
How has River City Education Services' revenue changed over time?
River City Education Services has experienced explosive revenue growth, increasing from $9.67 million in 2014 to $58.99 million currently. This represents a nearly six-fold increase in annual revenue over a decade, indicating successful fundraising and program expansion.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings. This indicates a highly unusual and commendable approach where no salaries are paid to its top executives, ensuring that all funds are dedicated to the organization's mission.
Does River City Education Services have a healthy financial reserve?
Yes, with current assets of $119.59 million against liabilities of $97.00 million (in 2023), the organization has substantial net assets. This, combined with consistent positive net income in recent years, suggests a healthy financial reserve and strong liquidity.
Filing History
IRS 990 filing history for River City Education Services showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), River City Education Services's revenue has grown by 851.2%, moving from $5.5M to $51.9M. Total assets increased by 17978.8% over the same period, from $596K to $107.7M. Total functional expenses rose by 753.8%, from $5.8M to $49.4M. In its most recent filing year (2023), River City Education Services reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $97.0M in liabilities against $107.7M in assets (debt-to-asset ratio: 90.1%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.9M | $49.4M | $107.7M | $97.0M | — | View 990 |
| 2022 | $40.8M | $35.2M | $97.3M | $89.2M | — | View 990 |
| 2021 | $27.9M | $26.7M | $30.8M | $28.2M | — | View 990 |
| 2020 | $24.2M | $24.0M | $27.8M | $26.5M | — | View 990 |
| 2019 | $23.2M | $22.5M | $23.4M | $22.3M | — | View 990 |
| 2018 | $19.9M | $19.2M | $20.8M | $20.4M | — | — |
| 2017 | $15.9M | $15.6M | $18.6M | $18.9M | — | View 990 |
| 2016 | $11.8M | $11.7M | $16.9M | $17.5M | — | View 990 |
| 2015 | $10.3M | $10.3M | $16.3M | $16.9M | — | View 990 |
| 2014 | $9.7M | $9.3M | $1.7M | $591K | — | View 990 |
| 2013 | $7.1M | $6.9M | $786K | $71K | — | View 990 |
| 2012 | $5.5M | $5.8M | $596K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.9M, expenses of $49.4M, and assets of $107.7M (revenue +27.4% year-over-year).
- 2022: Revenue of $40.8M, expenses of $35.2M, and assets of $97.3M (revenue +46.1% year-over-year).
- 2021: Revenue of $27.9M, expenses of $26.7M, and assets of $30.8M (revenue +15.2% year-over-year).
- 2020: Revenue of $24.2M, expenses of $24.0M, and assets of $27.8M (revenue +4.3% year-over-year).
- 2019: Revenue of $23.2M, expenses of $22.5M, and assets of $23.4M (revenue +16.6% year-over-year).
- 2018: Revenue of $19.9M, expenses of $19.2M, and assets of $20.8M (revenue +25.6% year-over-year).
- 2017: Revenue of $15.9M, expenses of $15.6M, and assets of $18.6M (revenue +34.5% year-over-year).
- 2016: Revenue of $11.8M, expenses of $11.7M, and assets of $16.9M (revenue +14.7% year-over-year).
- 2015: Revenue of $10.3M, expenses of $10.3M, and assets of $16.3M (revenue +6.3% year-over-year).
- 2014: Revenue of $9.7M, expenses of $9.3M, and assets of $1.7M (revenue +36.8% year-over-year).
- 2013: Revenue of $7.1M, expenses of $6.9M, and assets of $786K (revenue +29.6% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.8M, and assets of $596K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River City Education Services:
Data Sources and Methodology
This transparency report for River City Education Services 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.