Rumson Country Day School

Analysis

Rumson Country Day School is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in January 1951, 75 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rumson Country Day School reported income of $13.1m and spending of $13.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $13.1m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rumson Country Day School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include PRC ($13.1m), St Marys of Medford Inc ($13.1m) and Elderly Housing Management Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $817k (6.3% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $40.6m against liabilities of $6.3m, net assets of $34.3m. It reported 113 employees.