Search Day Program

Analysis

Search Day Program is a registered charity in United States, based in Ocean, NJ. It received its IRS tax-exemption ruling in April 1976, 50 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, Search Day Program reported income of $10.0m and spending of $9.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $10.0m (+7.5%), an average of +1.8% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Search Day Program 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 Clarksville Academy ($10.0m), Harding Charter Preparatory School District ($10.0m) and Jackson Hole Classical School Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $242k (2.5% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $6.8m against liabilities of $3.2m, net assets of $3.6m. It reported 126 employees.