RIVER MILL ACADEMY
Mission Statement
As a college preparatory school, our goal is to assist parents in their mission to develop exemplary young citizens with superior academic preparation, equipped with analytical thinking skills, a passion for learning, and a virtuous character, all built upon a solid foundation of knowledge. Our curriculum is challenging and demanding in an age and grade appropriate manner and our standards are high. Within our small, safe, and friendly learning community, we expect high standards of conduct appropriate for a serious academic environment where honesty, respect, and civility are the rule not the exception. The mission statement for River Mill Academy is: to allow serious students the opportunity to become confident, well-rounded individuals, prepared for a successful future while providing a safe and positive environment.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.3% | 84.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.7% | 12.9% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.4 mo | 9.0 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
83.4% | 21.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.2% | 89.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
10.6% | 5.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.3% | 6.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.5% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $8.7M | $8.6M | $2.5M | 90.3% | 85 |
| 2024 | $7.9M | $7.8M | $2.4M | 89.2% | 88 |
| 2023 | $7.6M | $6.9M | $2.4M | 90.0% | 83 |
| 2022 | $8.1M | $7.0M | $1.7M | 78.3% | 83 |
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