Riverhead Charter School
Riverhead Charter School shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 113533719 · Calverton, NY · NTEE: B290 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.2M |
| Total Expenses | $15.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $16.7 |
| Net Assets | $16.1M |
| Transparency Score | 85/100 |
Is Riverhead Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverhead Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverhead Charter School
Riverhead Charter School (EIN: 113533719) is a nonprofit organization based in Calverton, NY, classified under NTEE code B290. The organization reported total revenue of $19.2M and total assets of $40.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverhead Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverhead Charter School is a large nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.7M |
| Total Expenses | $15.7M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $39.0M |
| Total Liabilities | $22.9M |
| Net Assets | $16.1M |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 58.8% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2023, Riverhead Charter School reported a surplus of $1.1M with revenue exceeding expenses, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 58.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Riverhead Charter School's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +16.7% | +8.5% |
| 2022 | +16.2% | +32.6% | +2.7% |
| 2021 | +9.4% | +5.3% | +6.1% |
| 2020 | +6.9% | +7.9% | +4.8% |
| 2019 | +18.5% | +15.0% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Riverhead Charter School with a Mission Score of 85 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, Riverhead Charter School 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.8%.
Executive Compensation Analysis
No officer compensation has been reported across all 14 filings, which is unusual for an organization with revenues reaching $16.7 million in 2023. This could indicate a volunteer board or that compensation is categorized differently, warranting further investigation for full transparency.
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 Riverhead Charter School's IRS 990 filings:
- No officer compensation reported across all filings, which is unusual for an organization of this size and could obscure leadership costs.
Strengths
The following positive indicators were identified for Riverhead Charter School:
- Consistent and significant revenue growth over the past decade, from $5.08M in 2014 to $16.73M in 2023.
- Healthy asset accumulation, with assets growing from $28.76M to $39.03M.
- Expenses consistently lower than revenues, indicating sound financial management and sustainability.
- Positive net income in every reported period, contributing to strong financial reserves.
Frequently Asked Questions about Riverhead Charter School
Is Riverhead Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverhead Charter School (EIN: 113533719) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Riverhead Charter School spend its money?
Riverhead Charter School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverhead Charter School tax-deductible?
Riverhead Charter School is registered as a tax-exempt nonprofit (EIN: 113533719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Riverhead Charter School CEO make?
Riverhead Charter School's highest-compensated officer earns $16.7 annually. The organization reported $19.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Riverhead Charter School's spending goes to programs?
Riverhead Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverhead Charter School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Riverhead Charter School is above average for NTEE category B290 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverhead Charter School located?
Riverhead Charter School is headquartered in Calverton, New York and files with the IRS under EIN 113533719. It is classified under NTEE code B290.
How many years of IRS 990 filings does Riverhead Charter School have?
Riverhead Charter School has 14 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 $19.2M in total revenue.
Is Riverhead Charter School a good charity?
Based on the provided financial data, Riverhead Charter School appears to be a financially healthy organization with consistent revenue growth and asset accumulation. Its ability to manage expenses below revenue and the absence of reported officer compensation are positive indicators, suggesting a strong focus on its mission.
What is the trend in the organization's financial health?
The organization shows a strong positive trend in financial health, with revenue growing from $5.08 million in 2014 to $16.73 million in 2023, and assets increasing from $28.76 million to $39.03 million over the same period. Expenses have also grown but consistently remain below revenue, indicating sustainable operations.
How does Riverhead Charter School manage its liabilities?
Liabilities have fluctuated but generally increased alongside assets and revenue, from $24.08 million in 2014 to $22.94 million in 2023, peaking around 2016-2017. While liabilities are substantial, the organization's assets consistently exceed them, indicating a healthy balance sheet.
Why is there no officer compensation reported?
The absence of reported officer compensation across all filings is notable for an organization of this size. This could mean that the board of directors is entirely volunteer, or that compensation for key management personnel is reported under other expense categories, which would require reviewing the full 990 form for clarity.
Filing History
IRS 990 filing history for Riverhead Charter School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Riverhead Charter School's revenue has grown by 345.3%, moving from $3.8M to $16.7M. Total assets increased by 507% over the same period, from $6.4M to $39.0M. Total functional expenses rose by 402.6%, from $3.1M to $15.7M. In its most recent filing year (2023), Riverhead Charter School reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $22.9M in liabilities against $39.0M in assets (debt-to-asset ratio: 58.8%), resulting in net assets of $16.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.7M | $15.7M | $39.0M | $22.9M | — | — |
| 2022 | $14.4M | $13.4M | $36.0M | $20.8M | — | View 990 |
| 2021 | $12.4M | $10.1M | $35.0M | $20.8M | — | View 990 |
| 2020 | $11.3M | $9.6M | $33.0M | $21.1M | — | View 990 |
| 2019 | $10.6M | $8.9M | $31.5M | $21.3M | — | View 990 |
| 2018 | $8.9M | $7.7M | $30.0M | $21.4M | — | View 990 |
| 2017 | $7.3M | $6.3M | $28.9M | $21.5M | — | View 990 |
| 2016 | $7.2M | $6.2M | $28.9M | $22.5M | — | View 990 |
| 2015 | $6.3M | $5.6M | $28.5M | $23.1M | — | View 990 |
| 2014 | $5.1M | $4.7M | $28.8M | $24.1M | — | View 990 |
| 2013 | $4.6M | $3.8M | $8.4M | $4.1M | — | View 990 |
| 2012 | $4.5M | $3.3M | $7.9M | $4.4M | — | View 990 |
| 2011 | $4.4M | $3.5M | $7.1M | $4.9M | — | View 990 |
| 2010 | $3.8M | $3.1M | $6.4M | $5.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.7M, expenses of $15.7M, and assets of $39.0M (revenue +16.3% year-over-year).
- 2022: Revenue of $14.4M, expenses of $13.4M, and assets of $36.0M (revenue +16.2% year-over-year).
- 2021: Revenue of $12.4M, expenses of $10.1M, and assets of $35.0M (revenue +9.4% year-over-year).
- 2020: Revenue of $11.3M, expenses of $9.6M, and assets of $33.0M (revenue +6.9% year-over-year).
- 2019: Revenue of $10.6M, expenses of $8.9M, and assets of $31.5M (revenue +18.5% year-over-year).
- 2018: Revenue of $8.9M, expenses of $7.7M, and assets of $30.0M (revenue +22.4% year-over-year).
- 2017: Revenue of $7.3M, expenses of $6.3M, and assets of $28.9M (revenue +1.2% year-over-year).
- 2016: Revenue of $7.2M, expenses of $6.2M, and assets of $28.9M (revenue +14.9% year-over-year).
- 2015: Revenue of $6.3M, expenses of $5.6M, and assets of $28.5M (revenue +23.4% year-over-year).
- 2014: Revenue of $5.1M, expenses of $4.7M, and assets of $28.8M (revenue +9.4% year-over-year).
- 2013: Revenue of $4.6M, expenses of $3.8M, and assets of $8.4M (revenue +2.5% year-over-year).
- 2012: Revenue of $4.5M, expenses of $3.3M, and assets of $7.9M (revenue +2.3% year-over-year).
- 2011: Revenue of $4.4M, expenses of $3.5M, and assets of $7.1M (revenue +18.1% year-over-year).
- 2010: Revenue of $3.8M, expenses of $3.1M, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverhead Charter School:
Data Sources and Methodology
This transparency report for Riverhead Charter School 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.