Solomon Schechter Day School of Bergen County

Analysis

Solomon Schechter Day School of Bergen County is a registered charity in United States, based in New Milford, NJ. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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, Solomon Schechter Day School of Bergen County reported income of $11.4m and spending of $11.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $11.4m (+11%), an average of +2.7% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solomon Schechter Day School of Bergen County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include American College of Allergy & Immunology ($11.4m), Hiawatha Valley Mental Health Center ($11.4m) and St Francis Research and Educational Corporation ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $548k (4.7% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $19.7m against liabilities of $10.4m, net assets of $9.3m. It reported 140 employees.