Chapin School

Analysis

Chapin School is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 1953, 73 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, Chapin School reported income of $7.4m and spending of $9.2m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.4m to $7.4m (-12%), an average of -3.2% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chapin School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Arts Based School ($7.4m), Mater Dei School Inc ($7.4m) and Womens Business Development Council Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $240k (2.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $18.0m against liabilities of $9.2m, net assets of $8.8m. It reported 90 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.