Craig School
Craig School: Strong Financials, Consistent Growth, and High Program Spending
EIN: 222283859 · Mountain Lks, NJ · NTEE: B24Z · Updated: 2026-04-04
About Craig School
Craig School (EIN: 222283859) is a nonprofit organization based in Mountain Lks, NJ, classified under NTEE code B24Z. The organization reported total revenue of $10.3M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craig School'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 Craig School 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, Craig School 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 is not explicitly detailed in the provided data, but the 0% related-party compensation suggests a lack of direct conflicts of interest in this area.
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 Craig School:
- Consistent revenue growth from $6,095,309 in 2017 to $10,341,570 in 2024.
- Significant asset growth from $7,631,959 in 2017 to $19,109,720 in 2024.
- Strong program spending, with expenses consistently representing a high percentage of total expenditures.
- Low liability-to-asset ratio, indicating financial stability.
- No reported related-party compensation, suggesting good governance practices.
Frequently Asked Questions about Craig School
What does Craig School do?
Craig School is a nonprofit organization in the Education sector, located in Mountain Lks, New Jersey. It is classified under NTEE code B24Z.
How much revenue does Craig School have?
Craig School reported total revenue of $10,341,570. Based on 13 IRS 990 filings on record.
What are Craig School's total assets?
Craig School holds total assets of $19,109,720 as reported in IRS 990 filings.
Where is Craig School located?
Craig School is based in Mountain Lks, New Jersey.
What is Craig School's EIN?
Craig School's Employer Identification Number (EIN) is 222283859. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Craig School?
Craig School is classified under NTEE code B24Z (Education).
Is Craig School a registered 501(c)(3)?
Yes, Craig School is recognized as a tax-exempt organization by the IRS. EIN: 222283859.
Does Craig School file IRS Form 990?
Yes, Craig School has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Craig School's revenue in 2024?
In the 202406 filing period, Craig School reported total revenue of $8,099,645, total expenses of $7,753,243, and net assets of $14,463,778.
Is Craig School's revenue growing or declining?
Craig School's revenue is declining. Revenue went from $8,684,502 (202306) to $8,099,645 (202406), a -6.7% change. Based on 13 filings on record.
What is Craig School's most recent 990 filing?
The most recent IRS Form 990 filing for Craig School covers tax period 202406. It shows revenue of $8,099,645, expenses of $7,753,243, total assets of $14,463,778, and liabilities of $4,834,919.
How much does Craig School spend on programs vs administration?
Based on IRS 990 analysis, Craig School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Craig School a trustworthy charity?
Based on AI analysis of IRS 990 data, Craig School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Craig School's strengths?
Positive indicators for Craig School include: Consistent revenue growth from $6,095,309 in 2017 to $10,341,570 in 2024.. Significant asset growth from $7,631,959 in 2017 to $19,109,720 in 2024.. Strong program spending, with expenses consistently representing a high percentage of total expenditures.. Low liability-to-asset ratio, indicating financial stability.. No reported related-party compensation, suggesting good governance practices.. These findings are derived from AI analysis of the organization's financial filings.
How does Craig School compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 0% related-party compensation suggests a lack of direct conflicts of interest in this area. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Craig School?
- The organization consistently reports 0% compensation from related parties, indicating good governance. - Financial filings are readily available and show consistent growth in revenue and assets over the past several years. - The organization's liabilities have remained manageable relative to its assets. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Craig School managed to nearly double its assets from $7,631,959 in 2017 to $19,109,720 in 2024 while maintaining a relatively stable liability-to-asset ratio?
The significant asset growth, particularly noticeable between 2023 ($12,639,604) and 2024 ($19,109,720), suggests successful fundraising, capital campaigns, or investment strategies. The stable liability ratio indicates that this growth is not primarily debt-fueled, but rather from accumulated net assets.
What specific initiatives or programs contributed to the notable revenue increase from $8,684,502 in 2023 to $10,341,570 in 2024?
While the data shows a substantial revenue jump, the specific drivers are not detailed. This could be due to increased enrollment, successful fundraising events, or new program offerings that attracted more funding or tuition. Further investigation into their annual reports or public statements would be needed to identify the exact causes.
Filing History
IRS 990 filing history for Craig School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Craig School's revenue has grown by 49.3%, moving from $5.4M to $8.1M. Total assets increased by 398.5% over the same period, from $2.9M to $14.5M. Total functional expenses rose by 46%, from $5.3M to $7.8M. In its most recent filing year (2024), Craig School reported a surplus of $346K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $14.5M in assets (debt-to-asset ratio: 33.4%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $8.1M | $7.8M | $14.5M | $4.8M | — | View 990 |
| 2023 | $8.7M | $7.2M | $12.6M | $3.5M | — | View 990 |
| 2022 | $8.1M | $6.9M | $10.5M | $2.9M | — | View 990 |
| 2021 | $8.0M | $6.5M | $9.6M | $3.1M | — | — |
| 2020 | $7.0M | $6.4M | $8.8M | $3.8M | — | View 990 |
| 2019 | $6.4M | $6.3M | $7.7M | $3.2M | — | View 990 |
| 2018 | $6.3M | $6.0M | $7.6M | $3.2M | — | View 990 |
| 2017 | $6.1M | $5.9M | $7.6M | $3.6M | — | View 990 |
| 2016 | $6.6M | $5.7M | $7.2M | $3.4M | — | View 990 |
| 2015 | $6.2M | $5.4M | $3.7M | $749K | — | View 990 |
| 2014 | $5.3M | $5.4M | $2.9M | $657K | — | View 990 |
| 2013 | $5.3M | $5.3M | $3.0M | $730K | — | View 990 |
| 2012 | $5.4M | $5.3M | $2.9M | $604K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.1M, expenses of $7.8M, and assets of $14.5M (revenue -6.7% year-over-year).
- 2023: Revenue of $8.7M, expenses of $7.2M, and assets of $12.6M (revenue +7.2% year-over-year).
- 2022: Revenue of $8.1M, expenses of $6.9M, and assets of $10.5M (revenue +1.5% year-over-year).
- 2021: Revenue of $8.0M, expenses of $6.5M, and assets of $9.6M (revenue +14.8% year-over-year).
- 2020: Revenue of $7.0M, expenses of $6.4M, and assets of $8.8M (revenue +7.8% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.3M, and assets of $7.7M (revenue +2.8% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.0M, and assets of $7.6M (revenue +2.8% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.9M, and assets of $7.6M (revenue -7.3% year-over-year).
- 2016: Revenue of $6.6M, expenses of $5.7M, and assets of $7.2M (revenue +6.0% year-over-year).
- 2015: Revenue of $6.2M, expenses of $5.4M, and assets of $3.7M (revenue +16.5% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.4M, and assets of $2.9M (revenue +1.2% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.3M, and assets of $3.0M (revenue -3.0% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.3M, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Craig 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.