Raritan Valley Community College Foundation

Analysis

Raritan Valley Community College Foundation is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Raritan Valley Community College Foundation reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 102% 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 Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Erie Center for Arts and Technology Inc ($1.0m), Summit Classical Academy Inc ($1.1m) and Better Future Forward Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $5.0m against liabilities of $57k, net assets of $4.9m.