New Rochelle Fund for Educational Excellence Inc

Analysis

New Rochelle Fund for Educational Excellence Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Rochelle Fund for Educational Excellence Inc reported income of $526k and spending of $103k, leaving 80% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $242k to $526k (+117%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 1625%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Rochelle Fund for Educational Excellence Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Bryan Isd Education Foundation ($526k), Gabriels Little Angels Preschool ($526k) and Ammud the Joc Torah Academy Inc ($526k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Other salaries and wages came to $19k. At year end it held assets of $583k against liabilities of $733, net assets of $582k. It reported 2 employees.