Ranney School

Analysis

Ranney School is a registered charity in United States, based in Tinton Falls, NJ. It received its IRS tax-exemption ruling in May 1973, 53 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, Ranney School reported income of $28.3m and spending of $26.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.6m to $28.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ranney 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 Cazenovia College ($28.3m), Academy of Excellence ($28.3m) and California State University San Marcos Corporation ($28.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $889k (3.4% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $63.6m against liabilities of $35.5m, net assets of $28.1m. It reported 220 employees.