RMB Public Foundation

Analysis

RMB Public Foundation is a registered charity in United States, based in Secaucus, NJ. It received its IRS tax-exemption ruling in March 2012, 14 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, RMB Public Foundation reported income of $59k and spending of $71k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $59k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, RMB Public Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include BBB Community Partnership Foundation ($59k), Clearcreek I S D Support Groups ($59k) and Rochester Chinese School ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.