Ramapo College Foundation

Analysis

Ramapo College Foundation is a registered charity in United States, based in Mahwah, NJ. It received its IRS tax-exemption ruling in December 1971, 55 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, Ramapo College Foundation reported income of $4.0m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.3m to $4.0m (-36%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ramapo College Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Unam-Usa ($4.0m), In Our Backyards Inc ($4.0m) and Wichita State Innovation Alliance Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 3.6% of the total. At year end it held assets of $27.2m against liabilities of $483k, net assets of $26.7m.