Raritan Valley Community College Dir of Budget & Finance Office

Analysis

Raritan Valley Community College Dir of Budget & Finance Office is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Raritan Valley Community College Dir of Budget & Finance Office reported income of $83.8m and spending of $72.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $78.5m to $83.8m (+6.7%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raritan Valley Community College Dir of Budget & Finance Office sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Columbia Grammar & Preparatory School ($83.7m), Carlow University ($84.3m) and Holy Family University ($83.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $971k (1.3% of expenses). Other salaries and wages came to $33.5m. At year end it held assets of $112.1m against liabilities of $34.3m, net assets of $77.8m. It reported 1,086 employees.