Riverside Educational Center
Riverside Educational Center shows significant revenue growth and no reported officer compensation over a decade.
EIN: 205451495 · Grand Jct, CO · NTEE: B99 · Updated: 2026-03-28
Is Riverside Educational Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverside Educational Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverside Educational Center
Riverside Educational Center (EIN: 205451495) is a nonprofit organization based in Grand Jct, CO, classified under NTEE code B99. The organization reported total revenue of $6.4M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverside Educational Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverside Educational Center is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 35.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $3.1M |
| Total Liabilities | $284K |
| Net Assets | $2.8M |
| Operating Margin | 34.6% |
| Debt-to-Asset Ratio | 9.1% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Riverside Educational Center reported a surplus of $2.3M with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Riverside Educational Center's revenue has grown at a compound annual growth rate (CAGR) of 35.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.6% | +23.1% | +287.0% |
| 2022 | +55.6% | +53.2% | +38.5% |
| 2021 | +74.2% | +45.6% | -17.0% |
| 2020 | +6.4% | +25.8% | +33.5% |
| 2019 | +160.0% | +185.9% | +61.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Riverside Educational Center with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Riverside Educational Center allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.1%.
Executive Compensation Analysis
Riverside Educational Center consistently reports 0% officer compensation across all 12 available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with $6.6 million in 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.
Red Flags
The following concerns were identified during AI analysis of Riverside Educational Center's IRS 990 filings:
- Unusually low liabilities in some years (e.g., $0 in 2017 and 2018) which might warrant further inquiry into financial structure.
Strengths
The following positive indicators were identified for Riverside Educational Center:
- Exceptional revenue growth, from $241,398 in 2014 to $6,672,486 in 2023.
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and mission focus.
- Healthy financial surpluses, such as in 2023 where revenue ($6,672,486) significantly exceeded expenses ($4,366,680).
- Significant growth in assets, from $189,086 in 2014 to $3,109,137 in 2023, demonstrating increasing financial stability.
- Strong program spending focus due to the absence of executive compensation.
Frequently Asked Questions about Riverside Educational Center
Is Riverside Educational Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverside Educational Center (EIN: 205451495) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Riverside Educational Center spend its money?
Riverside Educational Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverside Educational Center tax-deductible?
Riverside Educational Center is registered as a tax-exempt nonprofit (EIN: 205451495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Riverside Educational Center a good charity?
Based on its financial data, Riverside Educational Center appears to be a very good charity. It demonstrates strong revenue growth, healthy surpluses, and a commitment to directing funds to its mission by reporting no officer compensation.
How has Riverside Educational Center's revenue grown over time?
Riverside Educational Center has experienced exceptional revenue growth, increasing from $241,398 in 2014 to $6,672,486 in 2023, representing a more than 27-fold increase over nine years.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a highly transparent and mission-focused approach.
Filing History
IRS 990 filing history for Riverside Educational Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Riverside Educational Center's revenue has grown by 2724.3%, moving from $236K to $6.7M. Total assets increased by 1791.2% over the same period, from $164K to $3.1M. Total functional expenses rose by 1722.2%, from $240K to $4.4M. In its most recent filing year (2023), Riverside Educational Center reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $284K in liabilities against $3.1M in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $4.4M | $3.1M | $284K | — | View 990 |
| 2022 | $3.8M | $3.5M | $803K | $284K | — | View 990 |
| 2021 | $2.4M | $2.3M | $580K | $269K | — | View 990 |
| 2020 | $1.4M | $1.6M | $699K | $540K | — | View 990 |
| 2019 | $1.3M | $1.3M | $523K | $160K | — | View 990 |
| 2018 | $501K | $442K | $323K | $0 | — | View 990 |
| 2017 | $374K | $372K | $264K | $0 | — | View 990 |
| 2016 | $302K | $304K | $263K | $545 | — | View 990 |
| 2015 | $324K | $246K | $266K | $545 | — | View 990 |
| 2014 | $241K | $245K | $189K | $2K | — | View 990 |
| 2013 | $283K | $255K | $192K | $2K | — | View 990 |
| 2012 | $236K | $240K | $164K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $4.4M, and assets of $3.1M (revenue +77.6% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.5M, and assets of $803K (revenue +55.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $580K (revenue +74.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $699K (revenue +6.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $523K (revenue +160.0% year-over-year).
- 2018: Revenue of $501K, expenses of $442K, and assets of $323K (revenue +34.2% year-over-year).
- 2017: Revenue of $374K, expenses of $372K, and assets of $264K (revenue +24.0% year-over-year).
- 2016: Revenue of $302K, expenses of $304K, and assets of $263K (revenue -6.9% year-over-year).
- 2015: Revenue of $324K, expenses of $246K, and assets of $266K (revenue +34.1% year-over-year).
- 2014: Revenue of $241K, expenses of $245K, and assets of $189K (revenue -14.6% year-over-year).
- 2013: Revenue of $283K, expenses of $255K, and assets of $192K (revenue +19.7% year-over-year).
- 2012: Revenue of $236K, expenses of $240K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverside Educational Center:
Data Sources and Methodology
This transparency report for Riverside Educational Center 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.