Newgrange School of Princeton Inc

Analysis

Newgrange School of Princeton Inc is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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 2024, Newgrange School of Princeton Inc reported income of $7.8m and spending of $8.1m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.3m to $7.8m (-6.6%), an average of -1.4% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newgrange School of Princeton Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Tree Trust ($7.8m), St Peter Community Health Care Center ($7.8m) and West Houston Assistance Ministries Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $214k (2.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $6.5m against liabilities of $6.9m, net assets of -$457k. It reported 89 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.