Rumson Endowment Fund Inc

Analysis

Rumson Endowment Fund Inc is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rumson Endowment Fund Inc reported income of $120k and spending of $57k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12k to $120k (+874%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 5547%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rumson Endowment Fund Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Sabine Valley Hud Corporation ($120k), The Miami Valley Steam Threshers Association Inc ($120k) and Friends of Hopelands and Rye Patch Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $462k against liabilities of $224k, net assets of $238k.