Allegro School Incorporated

Analysis

Allegro School Incorporated is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in January 1990, 36 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, Allegro School Incorporated reported income of $12.3m and spending of $12.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.8m to $12.3m (+13%), an average of +3.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegro School Incorporated 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 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Woodcrest Christian School System ($12.3m), Elite Academic Academy - Mountain Empire ($12.3m) and National Consortium for Graduate DGRS Minorities in Engineering ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $291k (2.4% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $8.3m against liabilities of $3.4m, net assets of $5.0m. It reported 174 employees.