Ideal Education a NJ Nonprofit Corporation

Analysis

Ideal Education a NJ Nonprofit Corporation is a registered charity in United States, based in Iselin, NJ. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ideal Education a NJ Nonprofit Corporation reported income of $3.5m and spending of $2.4m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.5m (+241%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ideal Education a NJ Nonprofit Corporation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Creswell Charter Board Incorporated ($3.5m), Charlotte Country Day School Inc ($3.5m) and Horizon Christian School Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $156k (6.6% of expenses). Other salaries and wages came to $524k. At year end it held assets of $9.2m against liabilities of $7.5m, net assets of $1.7m. It reported 22 employees.