Central Jersey College Preparatory Charter School

Central Jersey College Preparatory Charter School shows consistent revenue and asset growth with no reported officer compensation.

EIN: 204477065 · Somerset, NJ · NTEE: B29 · Updated: 2026-03-28

$28.3MRevenue

$23.4MAssets

92/100Mission Score (Excellent)

B29

About Central Jersey College Preparatory Charter School

Central Jersey College Preparatory Charter School (EIN: 204477065) is a nonprofit organization based in Somerset, NJ, classified under NTEE code B29. The organization reported total revenue of $28.3M and total assets of $23.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Jersey College Preparatory Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Central Jersey College Preparatory Charter School with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Central Jersey College Preparatory Charter School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Across all nine filings, the organization consistently reports 0% officer compensation, indicating that no salaries or benefits are paid to its officers. This suggests a volunteer leadership structure or that compensation is not reported under 'officer compensation' on the 990, which is highly unusual for an organization of this size with $22.9 million in revenue.

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.

Red Flags

The following concerns were identified during AI analysis of Central Jersey College Preparatory Charter School's IRS 990 filings:

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

The following positive indicators were identified for Central Jersey College Preparatory Charter School:

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.

Frequently Asked Questions about Central Jersey College Preparatory Charter School

Is Central Jersey College Preparatory Charter School a good charity?

Based on the financial data, the school appears to be a well-managed organization with strong financial health, consistent growth, and a clear focus on its mission, as evidenced by its significant program spending and lack of reported officer compensation.

How has the organization's financial health changed over time?

The organization has experienced substantial financial growth, with revenue increasing from $4.9 million in 2015 to $22.9 million in 2023, and assets growing from $2 million to over $25 million in the same period, indicating robust expansion and financial stability.

What is the organization's approach to executive compensation?

The IRS 990 filings consistently report 0% officer compensation, suggesting that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way not reported under this specific line item on the 990.

Filing History

IRS 990 filing history for Central Jersey College Preparatory Charter School showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2023), Central Jersey College Preparatory Charter School's revenue has grown by 360.6%, moving from $5.0M to $22.9M. Total assets increased by 1158.2% over the same period, from $2.0M to $25.3M. Total functional expenses rose by 282.3%, from $5.4M to $20.5M. In its most recent filing year (2023), Central Jersey College Preparatory Charter School reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $12.6M in liabilities against $25.3M in assets (debt-to-asset ratio: 49.7%), resulting in net assets of $12.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22.9M	$20.5M	$25.3M	$12.6M	—	View 990
2022	$24.9M	$19.9M	$24.1M	$13.8M	—	View 990
2021	$18.8M	$16.3M	$11.5M	$7.1M	—	View 990
2020	$15.4M	$14.6M	$7.4M	$5.5M	—	View 990
2019	$12.0M	$11.1M	$4.9M	$4.0M	—	View 990
2018	$9.1M	$8.8M	$2.8M	$2.7M	—	View 990
2017	$7.2M	$6.9M	$2.4M	$2.6M	—	View 990
2016	$6.4M	$6.8M	$1.7M	$2.2M	—	View 990
2015	$5.0M	$5.4M	$2.0M	$2.1M	—	—

Year-by-Year Financial Summary

2023: Revenue of $22.9M, expenses of $20.5M, and assets of $25.3M (revenue -7.9% year-over-year).
2022: Revenue of $24.9M, expenses of $19.9M, and assets of $24.1M (revenue +32.1% year-over-year).
2021: Revenue of $18.8M, expenses of $16.3M, and assets of $11.5M (revenue +22.0% year-over-year).
2020: Revenue of $15.4M, expenses of $14.6M, and assets of $7.4M (revenue +29.0% year-over-year).
2019: Revenue of $12.0M, expenses of $11.1M, and assets of $4.9M (revenue +31.5% year-over-year).
2018: Revenue of $9.1M, expenses of $8.8M, and assets of $2.8M (revenue +27.1% year-over-year).
2017: Revenue of $7.2M, expenses of $6.9M, and assets of $2.4M (revenue +11.7% year-over-year).
2016: Revenue of $6.4M, expenses of $6.8M, and assets of $1.7M (revenue +28.8% year-over-year).
2015: Revenue of $5.0M, expenses of $5.4M, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Central Jersey College Preparatory Charter School 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.