Craig School

Analysis

Craig School is a registered charity in United States, based in Mountain LKS, NJ. It received its IRS tax-exemption ruling in July 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 2024, Craig School reported income of $8.1m and spending of $7.8m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.0m to $8.1m (+17%), an average of +3.9% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Craig School sits at the 92nd percentile: it is larger than about 92% 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 Golden Valley Charter Schools for Education Renewal ($8.1m), Central Bible University ($8.1m) and Macaulay Honors College Foundation ($8.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $394k (5.1% of expenses). Other salaries and wages came to $4.4m. It paid $100k in professional fundraising fees. At year end it held assets of $14.5m against liabilities of $4.8m, net assets of $9.6m. It reported 81 employees.