Princeton Friends School

Analysis

Princeton Friends School is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in July 1987, 39 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, Princeton Friends School reported income of $4.5m and spending of $5.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Princeton Friends School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include School of Imagination Inc ($4.5m), Online News Association ($4.5m) and American School of Correspondence ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $160k (3.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.5m against liabilities of $1.0m, net assets of $8.5m. It reported 77 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.