Gottesman RTW Academy

Analysis

Gottesman RTW Academy is a registered charity in United States, based in Randolph, NJ. It received its IRS tax-exemption ruling in March 1979, 47 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, Gottesman RTW Academy reported income of $5.8m and spending of $7.4m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gottesman RTW Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Central Texas Christian School Inc ($5.8m), Grandview Resthome Association Inc ($5.8m) and National Association on Drug Abuse Problems Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $425k (5.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $16.9m against liabilities of $730k, net assets of $16.1m. It reported 85 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.