Princeton Adult School

Analysis

Princeton Adult School is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in November 1971, 55 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, Princeton Adult School reported income of $514k and spending of $486k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $533k to $514k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Princeton Adult School sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include True Knight Home School Academy ($514k), PS 75 Parent Teachers Association Ltd ($514k) and Entrusted Legacy ($514k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1,340 (0.3% of expenses). Other salaries and wages came to $250k. At year end it held assets of $658k against liabilities of $18k, net assets of $640k. It reported 91 employees.