The Center School

Analysis

The Center School is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in June 1974, 52 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 Center School reported income of $8.8m and spending of $8.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $8.8m (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Center School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include G-Star School of the Arts Inc ($8.8m), Georgia Magnet-Charter Schools Foundation Corp ($8.8m) and Covenant Classical School ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $184k (2.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $6.8m against liabilities of $4.6m, net assets of $2.2m. It reported 133 employees.