Adult School of the Chathams Madison & Florham Park

Analysis

Adult School of the Chathams Madison & Florham Park is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in March 1976, 50 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, Adult School of the Chathams Madison & Florham Park reported income of $441k and spending of $423k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $489k to $441k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adult School of the Chathams Madison & Florham Park sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Sophia Montessori Academy ($441k), Providence Hybrid Academy ($442k) and The Commons Law Center ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Other salaries and wages came to $107k. At year end it held assets of $230k against liabilities of $8,182, net assets of $222k. It reported 5 employees.