The Pennington School

Analysis

The Pennington School is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in June 2026. 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, The Pennington School reported income of $38.0m and spending of $36.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.8m to $38.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Pennington School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Bluehub Loan Fund Inc ($38.0m), Clarkson College ($38.0m) and Franciscan Health Rensselaer ($37.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $741k (2.0% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $92.4m against liabilities of $21.9m, net assets of $70.5m. It reported 334 employees.