New Jersey Association of Independent Schools

Analysis

New Jersey Association of Independent Schools is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in July 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Jersey Association of Independent Schools reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $995k to $1.2m (+19%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Association of Independent Schools sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Special Olympics Vermont ($1.2m), Siskiyou Land Trust ($1.2m) and Council for Court Excellence ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $375k (35% of expenses). Other salaries and wages came to $278k. At year end it held assets of $1.7m against liabilities of $412k, net assets of $1.3m. It reported 6 employees.