Albrook School

Analysis

Albrook School is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in October 1980, 46 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, Albrook School reported income of $3.6m and spending of $3.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.6m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albrook School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include The Mesivta High School of Great Philadelphia ($3.6m), Smart Start Rowan Inc ($3.6m) and Calvin Nelms Charter High School ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $109k (3.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.5m against liabilities of $714k, net assets of $6.7m. It reported 42 employees.