Frisch School

Analysis

Frisch School is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in December 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, Frisch School reported income of $34.3m and spending of $29.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.6m to $34.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frisch 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 Bluffton University ($34.3m), Youngstown State University Foundation ($34.4m) and Marin Academy ($34.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $886k (3.0% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $63.5m against liabilities of $22.8m, net assets of $40.8m. It reported 258 employees.