Paradigm School System Inc

Analysis

Paradigm School System Inc is a registered charity in United States, based in Midland Park, NJ. It received its IRS tax-exemption ruling in October 2018, 8 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, Paradigm School System Inc reported income of $2.5m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.5m (+68%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paradigm School System Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Odyssey-A Community of Integral Learning Inc ($2.5m), Mason Tenders Training Fund ($2.5m) and Montessori Training and Research Center of Dallas ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $145k (6.0% of expenses). Other salaries and wages came to $989k. At year end it held assets of $2.9m against liabilities of $2.6m, net assets of $304k. It reported 15 employees.