RJB Education Equity Foundation

Analysis

RJB Education Equity Foundation is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in August 2010, 16 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 June 2023, RJB Education Equity Foundation reported income of $188k and spending of $792k, spending 420% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $188k (-86%), an average of -39% a year. The sharpest change came in the year to June 2022, when income rose by 162%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, RJB Education Equity Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Orange County Sheriff Foundation Inc ($188k), Gloucester Fund Inc ($188k) and Franklin-Southampton Area United Way ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $392k (50% of expenses). Other salaries and wages came to $11k. At year end it held assets of $3.8m against liabilities of $176k, net assets of $3.7m. It reported 3 employees.