Rutgers Preparatory School

Analysis

Rutgers Preparatory School is a registered charity in United States, based in Somerset, NJ. 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, Rutgers Preparatory School reported income of $33.5m and spending of $29.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.3m to $33.5m (+32%), an average of +7.2% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rutgers Preparatory School sits at the 97th percentile: it is larger than about 97% 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 United Tribes Technical College ($33.4m), Altus Schools San Diego ($33.5m) and Ubf Faculty-Student Housing Corp ($33.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $825k (2.8% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $62.0m against liabilities of $8.8m, net assets of $53.2m. It reported 284 employees.