Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp

Analysis

Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 2005, 21 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, Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp reported income of $5.9m and spending of $3.8m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $5.9m (+1.1%), an average of +0.3% a year. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Mater Academy of Northern Nevada ($5.9m), Association of American Law Schools Inc ($5.9m) and Kids Central Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 43% of the total. Compensation of current officers, directors and key employees was $130k (3.5% of expenses). At year end it held assets of $67.3m against liabilities of $50.4m, net assets of $17.0m. It reported 1 employees.