Lakewood Chedar School

Analysis

Lakewood Chedar School is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 1978, 48 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 August 2023, Lakewood Chedar School reported income of $39.1m and spending of $38.6m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $28.1m to $39.1m (+39%), an average of +8.6% a year. The sharpest change came in the year to August 2020, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakewood Chedar School sits at the 98th percentile: it is larger than about 98% 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 Marian University Inc ($39.1m), National Merit Scholarship Corporation ($39.1m) and Uc Berkeley Center for Executive Education ($39.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 71% of the total. Other salaries and wages came to $14.0m. At year end it held assets of $52.3m against liabilities of $21.8m, net assets of $30.4m. It reported 704 employees.