River Springs Charter School Inc
River Springs Charter School Inc shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 205069467 · Temecula, CA · NTEE: B29 · Updated: 2026-03-28
Is River Springs Charter School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
River Springs Charter School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About River Springs Charter School Inc
River Springs Charter School Inc (EIN: 205069467) is a nonprofit organization based in Temecula, CA, classified under NTEE code B29. The organization reported total revenue of $124.4M and total assets of $136.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Springs Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Springs Charter School Inc is a major nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118.3M |
| Total Expenses | $104.0M |
| Surplus / Deficit | +$14.3M |
| Total Assets | $140.1M |
| Total Liabilities | $97.4M |
| Net Assets | $42.6M |
| Operating Margin | 12.1% |
| Debt-to-Asset Ratio | 69.6% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, River Springs Charter School Inc reported a surplus of $14.3M with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 69.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), River Springs Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.5% | +28.0% | +107.1% |
| 2022 | +22.7% | +12.4% | -27.8% |
| 2021 | +2.1% | +2.9% | +21.6% |
| 2020 | +5.3% | +5.0% | +16.3% |
| 2019 | +6.9% | +5.0% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Springs Charter School Inc 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 Springs Charter School Inc 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 $14.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size ($118M+ revenue) and suggests either a volunteer leadership structure or that compensation is reported under other expense categories.
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 River Springs Charter School Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for a large organization, which may obscure actual leadership costs or indicate an unusual operational model.
Strengths
The following positive indicators were identified for River Springs Charter School Inc:
- Consistent and significant revenue growth over a decade, from $39.8M in 2014 to $118.3M in 2023.
- Strong financial health with consistent operating surpluses, allowing for asset accumulation.
- Substantial asset growth, reaching $140M in 2023, indicating robust financial stability.
- Expenses consistently well below revenue, demonstrating efficient financial management.
Frequently Asked Questions about River Springs Charter School Inc
Is River Springs Charter School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, River Springs Charter School Inc (EIN: 205069467) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does River Springs Charter School Inc spend its money?
River Springs Charter School Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to River Springs Charter School Inc tax-deductible?
River Springs Charter School Inc is registered as a tax-exempt nonprofit (EIN: 205069467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does River Springs Charter School Inc manage to report 0% officer compensation despite its large size?
The consistent reporting of 0% officer compensation for an organization with over $100 million in revenue is highly unusual. It could indicate that leadership roles are filled by volunteers, or that compensation for key management personnel is categorized differently within the financial statements (e.g., as salaries for non-officer employees or through a related management entity not detailed here).
What is the specific breakdown of program vs. administrative expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While overall expenses are consistently lower than revenue, a more granular view would be necessary to fully assess spending efficiency in these categories.
What is the primary source of River Springs Charter School Inc's revenue?
As a charter school, its primary revenue source is typically public funding based on student enrollment, though this specific detail is not provided in the given financial summary.
Filing History
IRS 990 filing history for River Springs Charter School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), River Springs Charter School Inc's revenue has grown by 275.2%, moving from $31.5M to $118.3M. Total assets increased by 823.5% over the same period, from $15.2M to $140.1M. Total functional expenses rose by 233%, from $31.2M to $104.0M. In its most recent filing year (2023), River Springs Charter School Inc reported a surplus of $14.3M, with revenue exceeding expenses. The organization holds $97.4M in liabilities against $140.1M in assets (debt-to-asset ratio: 69.6%), resulting in net assets of $42.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118.3M | $104.0M | $140.1M | $97.4M | — | View 990 |
| 2022 | $90.6M | $81.3M | $67.6M | $39.3M | — | View 990 |
| 2021 | $73.9M | $72.3M | $93.7M | $74.7M | — | View 990 |
| 2020 | $72.4M | $70.3M | $77.0M | $59.6M | — | View 990 |
| 2019 | $68.7M | $67.0M | $66.2M | $52.2M | — | View 990 |
| 2018 | $64.3M | $63.8M | $65.2M | $53.0M | — | View 990 |
| 2017 | $56.7M | $56.0M | $40.7M | $28.9M | — | View 990 |
| 2016 | $57.5M | $52.9M | $41.9M | $30.9M | — | View 990 |
| 2015 | $44.5M | $43.6M | $27.5M | $21.1M | — | View 990 |
| 2014 | $39.8M | $38.5M | $25.1M | $19.6M | — | View 990 |
| 2013 | $37.3M | $35.9M | $29.3M | $25.1M | — | View 990 |
| 2012 | $36.5M | $36.3M | $28.0M | $25.2M | — | View 990 |
| 2011 | $31.5M | $31.2M | $15.2M | $12.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118.3M, expenses of $104.0M, and assets of $140.1M (revenue +30.5% year-over-year).
- 2022: Revenue of $90.6M, expenses of $81.3M, and assets of $67.6M (revenue +22.7% year-over-year).
- 2021: Revenue of $73.9M, expenses of $72.3M, and assets of $93.7M (revenue +2.1% year-over-year).
- 2020: Revenue of $72.4M, expenses of $70.3M, and assets of $77.0M (revenue +5.3% year-over-year).
- 2019: Revenue of $68.7M, expenses of $67.0M, and assets of $66.2M (revenue +6.9% year-over-year).
- 2018: Revenue of $64.3M, expenses of $63.8M, and assets of $65.2M (revenue +13.3% year-over-year).
- 2017: Revenue of $56.7M, expenses of $56.0M, and assets of $40.7M (revenue -1.2% year-over-year).
- 2016: Revenue of $57.5M, expenses of $52.9M, and assets of $41.9M (revenue +29.2% year-over-year).
- 2015: Revenue of $44.5M, expenses of $43.6M, and assets of $27.5M (revenue +11.7% year-over-year).
- 2014: Revenue of $39.8M, expenses of $38.5M, and assets of $25.1M (revenue +6.9% year-over-year).
- 2013: Revenue of $37.3M, expenses of $35.9M, and assets of $29.3M (revenue +2.1% year-over-year).
- 2012: Revenue of $36.5M, expenses of $36.3M, and assets of $28.0M (revenue +15.8% year-over-year).
- 2011: Revenue of $31.5M, expenses of $31.2M, and assets of $15.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Springs Charter School Inc:
Data Sources and Methodology
This transparency report for River Springs Charter 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.