River Vale Educational Fund Inc

Analysis

River Vale Educational Fund Inc is a registered charity in United States, based in River Vale, NJ. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, River Vale Educational Fund Inc reported income of $1.6m and spending of $1.3m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, River Vale Educational Fund Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Legacy Christian Academy of Bowling Green Inc ($1.6m), Haven Montessori Childrens House Inc ($1.6m) and Fivetwo Network ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $728k. At year end it held assets of $2.4m against liabilities of $262k, net assets of $2.1m. It reported 81 employees.