Daytop Preparatory School

Analysis

Daytop Preparatory School is a registered charity in United States, based in Glassboro, NJ. It received its IRS tax-exemption ruling in March 2003, 23 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 2020, Daytop Preparatory School reported income of $628k and spending of $875k, spending 139% of what it took in. Across the 2 years on record, from June 2019 to June 2020, income fell from $1.1m to $628k (-42%), an average of -42% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daytop Preparatory School sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include The Tennessee State University National Alumni Association ($628k), Roxborough Christian School ($628k) and South Carolina Technical College System Foundation ($628k).

On its Form 990 for the period ending June 2020, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,973 (0.7% of expenses). Other salaries and wages came to $274k. At year end it held assets of $693k against liabilities of $874k, net assets of -$182k. It reported 30 employees.