Stevens Cooperative School

Analysis

Stevens Cooperative School is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in February 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 2023, Stevens Cooperative School reported income of $15.3m and spending of $15.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $15.3m (+24%), an average of +5.6% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stevens Cooperative 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 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Arc of New Jersey Inc ($15.3m), Integrated Refugee & Immigrant Services Inc ($15.3m) and J G B Rehabilitation Corp ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $720k (4.7% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $27.3m against liabilities of $15.1m, net assets of $12.2m. It reported 189 employees.