The Red Oaks School Inc

Analysis

The Red Oaks School Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in March 1967, 59 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, The Red Oaks School Inc reported income of $6.0m and spending of $6.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.0m (+28%), an average of +6.4% 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, The Red Oaks School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include New York City Charter School of the Arts ($6.0m), Gem Prep Nampa LLC ($6.0m) and Circle Foundation ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $317k (5.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.3m against liabilities of $2.5m, net assets of $1.8m. It reported 55 employees.