Center for Education NJ Inc

Analysis

Center for Education NJ Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2015, 11 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 June 2023, Center for Education NJ Inc reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $6.5m (+87%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Education NJ Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Alpha Chi Omega Foundation Inc ($6.5m), High Mountain Institute Inc ($6.5m) and Apalachicola Bay Charter School Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $254k (4.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $1.1m against liabilities of $307k, net assets of $771k. It reported 149 employees.