Daily Princetonian Publishing Company

Analysis

Daily Princetonian Publishing Company is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in June 1940, 86 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Daily Princetonian Publishing Company reported income of $268k and spending of $170k, leaving 36% of income unspent that year. Across the 5 years on record, from January 2020 to December 2023, income grew from $96k to $268k (+178%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daily Princetonian Publishing Company sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Friends of Oakland Foundation Inc ($268k), Adams Christian TR ($268k) and Sarah Hull Hallock Free Library ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $5,838 (3.4% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.8m against liabilities of $7,397, net assets of $1.8m. It reported 71 employees.