Rockaway Borough Education Foundation

Analysis

Rockaway Borough Education Foundation is a registered charity in United States, based in Rockaway, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Rockaway Borough Education Foundation reported income of $289k and spending of $293k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $289k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockaway Borough Education Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Ralph David Abernathy III Foundation Inc ($289k), Willington Public Library ($289k) and Teach Indy Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $65k (22% of expenses). Other salaries and wages came to $127k. At year end it held assets of $16k against liabilities of $0, net assets of $16k. It reported 10 employees.