Central Jersey College Preparatory Charter School

Analysis

Central Jersey College Preparatory Charter School is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in March 2016, 10 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, Central Jersey College Preparatory Charter School reported income of $22.9m and spending of $20.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $22.9m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Jersey College Preparatory Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Milwaukee Science Education Consortium Inc ($22.9m), Asheville School Incorporated ($22.9m) and The Hagedorn Little Village School ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 3.6% of the total. Other salaries and wages came to $11.5m. At year end it held assets of $25.3m against liabilities of $12.6m, net assets of $12.7m. It reported 246 employees.