NJ Education and Parnasah Institute

Analysis

NJ Education and Parnasah Institute is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in May 2014, 12 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 July 2023, NJ Education and Parnasah Institute reported income of $342k and spending of $318k, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $496k to $342k (-31%), an average of -8.9% a year. The sharpest change came in the year to July 2020, when income dropped by 33%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NJ Education and Parnasah Institute sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Wellspring Cultural and Educational Foundation Inc ($342k), Discovery Learners Academy ($342k) and Montgomery County Cancer Association ($342k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $179k. At year end it held assets of $235k against liabilities of $0, net assets of $235k. It reported 3 employees.