Community Nursery School in Nutley

Analysis

Community Nursery School in Nutley is a registered charity in United States, based in Nutley, NJ. It received its IRS tax-exemption ruling in April 1968, 58 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 August 2023, Community Nursery School in Nutley reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.8m (+11%), an average of +2.7% a year. The sharpest change came in the year to August 2021, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Nursery School in Nutley sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.8m), Association of Certified Biblical Counselors Inc ($1.8m) and North Coast Rape Crisis Team ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $80k (4.5% of expenses). Other salaries and wages came to $936k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 68 employees.