Rcobec Foundation Inc

Analysis

Rcobec Foundation Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in February 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rcobec Foundation Inc reported income of $237k and spending of $242k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $206k to $237k (+15%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rcobec Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Avnei Kodesh Inc ($237k), Down Syndrome Assoc of Atlanta ($238k) and Lutheran Charities ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $9,244 against liabilities of $0, net assets of $9,244.