Red Bank Regional Source Foundation Inc

Analysis

Red Bank Regional Source Foundation Inc is a registered charity in United States, based in Little Silver, NJ. It received its IRS tax-exemption ruling in March 2002, 24 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 August 2023, Red Bank Regional Source Foundation Inc reported income of $191k and spending of $152k, leaving 21% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $189k to $191k (+1.1%), an average of +0.4% a year. The sharpest change came in the year to August 2021, when income dropped by 36%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Bank Regional Source Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include PTA Association of Bard High School Early College Inc ($191k), Surry County Schools Educational Foundation ($191k) and Troy Football Booster Club ($191k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $229k against liabilities of $2,400, net assets of $227k.