Rumson Education Foundation Inc

Analysis

Rumson Education Foundation Inc is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Rumson Education Foundation Inc reported income of $400k and spending of $291k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $400k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rumson Education Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Retired Senior Volunteer Program of Enid & N Central Oklahoma Inc ($399k), Peer Inc ($400k) and Tusk Montgomery Charitable Foundation Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $362k against liabilities of $0, net assets of $362k.