Ashland School Inc

Analysis

Ashland School Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ashland School Inc reported income of $4.6m and spending of $3.5m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $4.6m (+111%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ashland School Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Bright Futures Fund ($4.6m), Preschool of the Arts Inc ($4.6m) and Northern Forest Center Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $57.4m against liabilities of $54.4m, net assets of $3.0m.