The Newmark School Inc

Analysis

The Newmark School Inc is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in July 2001, 25 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, The Newmark School Inc reported income of $6.3m and spending of $6.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.3m (+20%), an average of +4.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Newmark School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Ventura Charter School ($6.3m), Around the Korner Center for School Age Enrichment ($6.3m) and Sunrise of Philadelphia ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $645k (10% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $19.0m against liabilities of $4.9m, net assets of $14.1m. It reported 68 employees.