Collegiate School

Analysis

Collegiate School is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in June 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, Collegiate School reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.7m (-11%), an average of -3.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collegiate School sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Northwest Council for Computer Education ($1.7m), South Carolina First Steps to School Readiness Board of Trustees ($1.7m) and Aims Community College Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $125k (6.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $388k against liabilities of $174k, net assets of $214k. It reported 30 employees.