Peddie School

Analysis

Peddie School is a registered charity in United States, based in Hightstown, NJ. It received its IRS tax-exemption ruling in February 1937, 89 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, Peddie School reported income of $59.0m and spending of $53.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.7m to $59.0m (+0.6%), an average of +0.1% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peddie School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Edgewood University Inc ($59.0m), Detroit Country Day School ($59.0m) and Grafton School Incorporated ($58.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.5m (2.8% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $594.0m against liabilities of $42.7m, net assets of $551.3m. It reported 470 employees.