Newmark High School Inc

Analysis

Newmark High School Inc is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newmark High School Inc reported income of $5.0m and spending of $5.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.0m (+17%), an average of +4.1% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newmark High School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Center of Excellence for Educator Preparation and Innovation Inc ($5.0m), Trinity Academy for the Performing Arts ($5.0m) and Gloucester Lyceum and Sawyer Free Library ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $506k (9.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $681k against liabilities of $269k, net assets of $412k. It reported 57 employees.