Rabbinical College of America

Analysis

Rabbinical College of America is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in October 1966, 60 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, Rabbinical College of America reported income of $9.4m and spending of $8.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $9.4m (+59%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rabbinical College of America 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Missouri Southern Foundation ($9.4m), Renaissance Academy Charter School of the Arts ($9.4m) and New Horizon School Irvine ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $99k (1.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $23.0m against liabilities of $3.6m, net assets of $19.4m. It reported 79 employees.