Pingry Corporation

Analysis

Pingry Corporation is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in August 1942, 84 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, Pingry Corporation reported income of $64.9m and spending of $72.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $63.4m to $64.9m (+2.2%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pingry Corporation 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 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Csu Fullerton Auxiliary Services Corporation ($64.9m), Grace Schools ($65.0m) and Kipp New York Inc ($64.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.1m (1.5% of expenses). Other salaries and wages came to $28.9m. At year end it held assets of $235.2m against liabilities of $69.8m, net assets of $165.4m. It reported 531 employees.