Is Central Jersey College Preparatory Charter School Legit?
Quick charity verification for Central Jersey College Preparatory Charter School (EIN: 204477065)
Verdict: Central Jersey College Preparatory Charter School appears trustworthy
92/100Mission Score
$28.3MRevenue
$23.4MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size ($22.9M revenue) is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Consistent revenue growth, from $4.9M in 2015 to $22.9M in 2023, demonstrating strong financial sustainability.
Significant asset growth, from $2M in 2015 to $25.2M in 2023, indicating effective financial management and accumulation of resources.
Consistent positive net income (revenue exceeding expenses) across most years, contributing to asset building.
Likely high program spending ratio, typical for educational institutions, ensuring funds are directed to the mission.
No reported officer compensation, suggesting a strong commitment to directing funds towards the organization's mission.
Spending Breakdown
How Central Jersey College Preparatory Charter School allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Central Jersey College Preparatory Charter School
Is Central Jersey College Preparatory Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Jersey College Preparatory Charter School (EIN: 204477065) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Central Jersey College Preparatory Charter School a good charity to donate to?
Central Jersey College Preparatory Charter School has a Mission Score of 92/100. Revenue: $28.3M. Assets: $23.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Central Jersey College Preparatory Charter School?
The Employer Identification Number (EIN) for Central Jersey College Preparatory Charter School is 204477065. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Central Jersey College Preparatory Charter School spend its money?
Central Jersey College Preparatory Charter School allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Central Jersey College Preparatory Charter School's tax-exempt status?
You can verify Central Jersey College Preparatory Charter School's tax-exempt status using EIN 204477065 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Central Jersey College Preparatory Charter School demonstrates consistent growth in revenue and assets over the past nine years, indicating a stable and expanding financial base. For instance, revenue grew from $4,976,039 in 2015 to $22,917,819 in 2023, and assets increased from $2,009,250 to $25,279,750 in the same period. The organization consistently operates with a surplus, as seen in the 2023 fiscal year where revenue of $22,917,819 exceeded expenses of $20,541,427, contributing to asset growth.
The school's spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, typical for educational institutions. The consistent growth in assets, alongside a healthy revenue-to-expense ratio, suggests effective financial management. The absence of reported officer compensation across all filings indicates a commitment to directing funds towards the organization's mission rather than executive salaries, which enhances transparency and public trust.
Overall, the financial data points to a well-managed and transparent organization that is effectively growing its resources to support its educational mission. The consistent positive net income and asset accumulation reflect a sustainable financial model, while the lack of officer compensation is a notable positive indicator of financial stewardship.