River Islands Academies
EIN: 475327392 · Lathrop, CA · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $39.0M |
| Total Expenses | $28.6M |
| Net Assets | $18.9M |
Is River Islands Academies Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About River Islands Academies
River Islands Academies (EIN: 475327392) is a nonprofit organization based in Lathrop, CA, classified under NTEE code B29. The organization reported total revenue of $39.0M and total assets of $33.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Islands Academies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Islands Academies is a large nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 31.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.5M |
| Total Expenses | $28.6M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $27.0M |
| Total Liabilities | $8.1M |
| Net Assets | $18.9M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 29.9% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, River Islands Academies reported a surplus of $3.9M with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 29.9% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), River Islands Academies's revenue has grown at a compound annual growth rate (CAGR) of 31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.9% | +84.9% | +44.7% |
| 2022 | +5.4% | +15.3% | +31.7% |
| 2021 | +76.4% | +88.5% | +75.3% |
| 2020 | +29.5% | +14.5% | +53.6% |
| 2019 | +17.5% | +5.6% | +49.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for River Islands Academies has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates River Islands Academies with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.9%.
Frequently Asked Questions about River Islands Academies
Is River Islands Academies a legitimate charity?
River Islands Academies (EIN: 475327392) is a registered tax-exempt nonprofit based in California. It has 7 years of IRS 990 filings on record. Total revenue: $39.0M. No red flags identified. Financial health grade: A.
How does River Islands Academies spend its money?
River Islands Academies reported $39.0M in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to River Islands Academies tax-deductible?
River Islands Academies is registered as a tax-exempt nonprofit (EIN: 475327392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is River Islands Academies located?
River Islands Academies is headquartered in Lathrop, California and files with the IRS under EIN 475327392. It is classified under NTEE code B29.
How many years of IRS 990 filings does River Islands Academies have?
River Islands Academies has 7 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 $39.0M in total revenue.
Filing History
IRS 990 filing history for River Islands Academies showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), River Islands Academies's revenue has grown by 411.7%, moving from $6.3M to $32.5M. Total assets increased by 800.8% over the same period, from $3.0M to $27.0M. Total functional expenses rose by 547%, from $4.4M to $28.6M. In its most recent filing year (2023), River Islands Academies reported a surplus of $3.9M, with revenue exceeding expenses. The organization holds $8.1M in liabilities against $27.0M in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $18.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.5M | $28.6M | $27.0M | $8.1M | — | — |
| 2022 | $18.5M | $15.4M | $18.7M | $3.6M | — | View 990 |
| 2021 | $17.5M | $13.4M | $14.2M | $2.1M | — | — |
| 2020 | $9.9M | $7.1M | $8.1M | $1.2M | — | — |
| 2019 | $7.7M | $6.2M | $5.3M | $1.2M | — | View 990 |
| 2018 | $6.5M | $5.9M | $3.5M | $958K | — | View 990 |
| 2017 | $6.3M | $4.4M | $3.0M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.5M, expenses of $28.6M, and assets of $27.0M (revenue +75.9% year-over-year).
- 2022: Revenue of $18.5M, expenses of $15.4M, and assets of $18.7M (revenue +5.4% year-over-year).
- 2021: Revenue of $17.5M, expenses of $13.4M, and assets of $14.2M (revenue +76.4% year-over-year).
- 2020: Revenue of $9.9M, expenses of $7.1M, and assets of $8.1M (revenue +29.5% year-over-year).
- 2019: Revenue of $7.7M, expenses of $6.2M, and assets of $5.3M (revenue +17.5% year-over-year).
- 2018: Revenue of $6.5M, expenses of $5.9M, and assets of $3.5M (revenue +2.8% year-over-year).
- 2017: Revenue of $6.3M, expenses of $4.4M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Islands Academies:
Data Sources and Methodology
This transparency report for River Islands Academies 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.