Far Brook School

Analysis

Far Brook School is a registered charity in United States, based in Short Hills, NJ. It received its IRS tax-exemption ruling in October 1954, 72 years ago. 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, Far Brook School reported income of $12.6m and spending of $11.6m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.5m to $12.6m (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Far Brook 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 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include United Way of the Mid-Willamette Valley ($12.6m), The Society for Cariovascular Angiography and Interventions ($12.6m) and Kishorit ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $732k (6.3% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $28.7m against liabilities of $6.5m, net assets of $22.3m. It reported 154 employees.