Allegro School Incorporated
Allegro School: Consistent Revenue, High Program Spending, and Strong Financial Health
EIN: 222964290 · Cedar Knolls, NJ · NTEE: B28Z · Updated: 2026-04-04
About Allegro School Incorporated
Allegro School Incorporated (EIN: 222964290) is a nonprofit organization based in Cedar Knolls, NJ, classified under NTEE code B28Z. The organization reported total revenue of $13.7M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allegro School Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Allegro School Incorporated with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Allegro School Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue. For example, in 2022, total compensation for officers, directors, and key employees was $1,050,000, representing approximately 8.1% of total revenue, which is within acceptable industry benchmarks.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Allegro School Incorporated:
- Consistently high program spending, averaging over 85% of total expenses in recent years.
- Strong and growing asset base, with total assets increasing from $2.9M in 2018 to $8.5M in 2023.
- Healthy liquidity, with liabilities consistently well below assets, indicating strong financial stability.
- Consistent revenue generation over the past several years, demonstrating stable donor support or service demand.
- Efficient fundraising, with fundraising expenses consistently low, indicating effective resource allocation.
Frequently Asked Questions about Allegro School Incorporated
What does Allegro School Incorporated do?
Allegro School Incorporated is a nonprofit organization in the Education sector, located in Cedar Knolls, New Jersey. It is classified under NTEE code B28Z.
How much revenue does Allegro School Incorporated have?
Allegro School Incorporated reported total revenue of $13,668,652. Based on 13 IRS 990 filings on record.
What are Allegro School Incorporated's total assets?
Allegro School Incorporated holds total assets of $8,588,779 as reported in IRS 990 filings.
Where is Allegro School Incorporated located?
Allegro School Incorporated is based in Cedar Knolls, New Jersey.
What is Allegro School Incorporated's EIN?
Allegro School Incorporated's Employer Identification Number (EIN) is 222964290. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Allegro School Incorporated?
Allegro School Incorporated is classified under NTEE code B28Z (Education).
Is Allegro School Incorporated a registered 501(c)(3)?
Yes, Allegro School Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222964290.
Does Allegro School Incorporated file IRS Form 990?
Yes, Allegro School Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Allegro School Incorporated's revenue in 2023?
In the 202306 filing period, Allegro School Incorporated reported total revenue of $12,281,246, total expenses of $12,086,886, and net assets of $8,313,681.
Is Allegro School Incorporated's revenue growing or declining?
Allegro School Incorporated's revenue is declining. Revenue went from $12,988,817 (202206) to $12,281,246 (202306), a -5.4% change. Based on 13 filings on record.
What is Allegro School Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Allegro School Incorporated covers tax period 202306. It shows revenue of $12,281,246, expenses of $12,086,886, total assets of $8,313,681, and liabilities of $3,362,446.
How much does Allegro School Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Allegro School Incorporated allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Allegro School Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Allegro School Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Allegro School Incorporated's strengths?
Positive indicators for Allegro School Incorporated include: Consistently high program spending, averaging over 85% of total expenses in recent years.. Strong and growing asset base, with total assets increasing from $2.9M in 2018 to $8.5M in 2023.. Healthy liquidity, with liabilities consistently well below assets, indicating strong financial stability.. Consistent revenue generation over the past several years, demonstrating stable donor support or service demand.. Efficient fundraising, with fundraising expenses consistently low, indicating effective resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Allegro School Incorporated compensate executives?
Executive compensation appears reasonable given the organization's size and revenue. For example, in 2022, total compensation for officers, directors, and key employees was $1,050,000, representing approximately 8.1% of total revenue, which is within acceptable industry benchmarks. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Allegro School Incorporated?
- Financial statements are readily available on public platforms, showing consistent reporting over several years. - The organization provides detailed breakdowns of expenses, allowing for clear understanding of program versus administrative costs. - No significant discrepancies or red flags were found in the financial disclosures. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Allegro School managed to significantly grow its assets while maintaining consistent revenue?
Allegro School has consistently generated surpluses (revenue exceeding expenses) over the past several years, allowing them to accumulate assets. For instance, in 2023, revenue was $12,281,246 while expenses were $12,086,886, contributing to asset growth. This indicates effective financial management and reinvestment of funds.
What is the trend in Allegro School's net assets (assets minus liabilities) over the past five years?
Allegro School has shown a strong upward trend in net assets. In 2019, net assets were approximately $1.9M ($4.4M assets - $2.5M liabilities). By 2023, net assets had grown to approximately $5.2M ($8.3M assets - $3.3M liabilities), indicating significant strengthening of its financial position.
Filing History
IRS 990 filing history for Allegro School Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Allegro School Incorporated's revenue has grown by 12.7%, moving from $10.9M to $12.3M. Total assets increased by 102.2% over the same period, from $4.1M to $8.3M. Total functional expenses rose by 13.1%, from $10.7M to $12.1M. In its most recent filing year (2023), Allegro School Incorporated reported a surplus of $194K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $8.3M in assets (debt-to-asset ratio: 40.4%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $12.3M | $12.1M | $8.3M | $3.4M | — | View 990 |
| 2022 | $13.0M | $11.8M | $8.4M | $3.6M | — | View 990 |
| 2021 | $11.4M | $10.8M | $8.0M | $4.4M | — | View 990 |
| 2020 | $11.6M | $10.5M | $7.1M | $4.1M | — | View 990 |
| 2019 | $10.8M | $10.6M | $4.4M | $2.5M | — | View 990 |
| 2018 | $10.9M | $10.9M | $3.0M | $1.3M | — | View 990 |
| 2017 | $10.8M | $10.9M | $3.2M | $1.5M | — | View 990 |
| 2016 | $10.7M | $10.7M | $3.3M | $1.6M | — | View 990 |
| 2015 | $10.7M | $10.6M | $3.3M | $1.6M | — | View 990 |
| 2014 | $9.7M | $9.9M | $3.0M | $1.4M | — | View 990 |
| 2013 | $10.1M | $10.3M | $3.3M | $1.5M | — | View 990 |
| 2012 | $10.6M | $10.9M | $3.5M | $1.2M | — | View 990 |
| 2011 | $10.9M | $10.7M | $4.1M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.3M, expenses of $12.1M, and assets of $8.3M (revenue -5.4% year-over-year).
- 2022: Revenue of $13.0M, expenses of $11.8M, and assets of $8.4M (revenue +13.5% year-over-year).
- 2021: Revenue of $11.4M, expenses of $10.8M, and assets of $8.0M (revenue -1.2% year-over-year).
- 2020: Revenue of $11.6M, expenses of $10.5M, and assets of $7.1M (revenue +6.9% year-over-year).
- 2019: Revenue of $10.8M, expenses of $10.6M, and assets of $4.4M (revenue -0.5% year-over-year).
- 2018: Revenue of $10.9M, expenses of $10.9M, and assets of $3.0M (revenue +0.6% year-over-year).
- 2017: Revenue of $10.8M, expenses of $10.9M, and assets of $3.2M (revenue +1.6% year-over-year).
- 2016: Revenue of $10.7M, expenses of $10.7M, and assets of $3.3M (revenue -0.5% year-over-year).
- 2015: Revenue of $10.7M, expenses of $10.6M, and assets of $3.3M (revenue +11.0% year-over-year).
- 2014: Revenue of $9.7M, expenses of $9.9M, and assets of $3.0M (revenue -4.5% year-over-year).
- 2013: Revenue of $10.1M, expenses of $10.3M, and assets of $3.3M (revenue -4.6% year-over-year).
- 2012: Revenue of $10.6M, expenses of $10.9M, and assets of $3.5M (revenue -2.7% year-over-year).
- 2011: Revenue of $10.9M, expenses of $10.7M, and assets of $4.1M.
Data Sources and Methodology
This transparency report for Allegro School Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.