Far Hills Country Day School
Far Hills Country Day School: Stable Finances, High Program Spending
EIN: 221489901 · Far Hills, NJ · NTEE: B240 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $12.8M |
| Program Spending | 85% |
| Net Assets | $40.9M |
| Transparency Score | 85/100 |
Is Far Hills Country Day School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Far Hills Country Day School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Far Hills Country Day School
Far Hills Country Day School (EIN: 221489901) is a nonprofit organization based in Far Hills, NJ, classified under NTEE code B240. The organization reported total revenue of $11.4M and total assets of $47.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Far Hills Country Day School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Far Hills Country Day School is a large nonprofit that has been operating for 76 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $12.8M |
| Surplus / Deficit | $-1,402,391 |
| Total Assets | $47.7M |
| Total Liabilities | $6.8M |
| Net Assets | $40.9M |
| Operating Margin | -12.3% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 44.6 months |
Financial Health Grade: B
In 2024, Far Hills Country Day School reported a deficit of $1.4M with expenses exceeding revenue, holds 44.6 months of operating reserves (strong position), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Far Hills Country Day School's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -12.9% | -5.5% | -0.9% |
| 2023 | -1.8% | +2.5% | +0.1% |
| 2022 | -21.5% | +0.8% | -3.2% |
| 2021 | +10.1% | +2.3% | +6.4% |
| 2020 | +23.9% | -1.2% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Far Hills Country Day 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, Far Hills Country Day 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no specific figures raising immediate concerns based on available data.
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 Far Hills Country Day School:
- Consistent revenue streams over multiple years, indicating financial stability.
- High percentage of spending dedicated to program services, aligning with its educational mission.
- Healthy asset base of $47.5 million as of 2024, providing long-term security.
Frequently Asked Questions about Far Hills Country Day School
Is Far Hills Country Day School a legitimate charity?
Far Hills Country Day School (EIN: 221489901) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $11.4M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Far Hills Country Day School spend its money?
Far Hills Country Day School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Far Hills Country Day School tax-deductible?
Far Hills Country Day School is registered as a tax-exempt nonprofit (EIN: 221489901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Far Hills Country Day School's spending goes to programs?
Far Hills Country Day School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Far Hills Country Day School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Far Hills Country Day School is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Far Hills Country Day School located?
Far Hills Country Day School is headquartered in Far Hills, New Jersey and files with the IRS under EIN 221489901. It is classified under NTEE code B240.
How many years of IRS 990 filings does Far Hills Country Day School have?
Far Hills Country Day School has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.4M in total revenue.
What does Far Hills Country Day School do?
Far Hills Country Day School is a nonprofit organization in the Education sector, located in Far Hills, New Jersey. It is classified under NTEE code B240.
How much revenue does Far Hills Country Day School have?
Far Hills Country Day School reported total revenue of $11,409,183. Based on 14 IRS 990 filings on record.
What are Far Hills Country Day School's total assets?
Far Hills Country Day School holds total assets of $47,525,616 as reported in IRS 990 filings.
Where is Far Hills Country Day School located?
Far Hills Country Day School is based in Far Hills, New Jersey.
What is Far Hills Country Day School's EIN?
Far Hills Country Day School's Employer Identification Number (EIN) is 221489901. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Far Hills Country Day School?
Far Hills Country Day School is classified under NTEE code B240 (Education).
Is Far Hills Country Day School a registered 501(c)(3)?
Yes, Far Hills Country Day School is recognized as a tax-exempt organization by the IRS. EIN: 221489901.
Does Far Hills Country Day School file IRS Form 990?
Yes, Far Hills Country Day School has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Far Hills Country Day School's revenue in 2024?
In the 202406 filing period, Far Hills Country Day School reported total revenue of $11,430,559, total expenses of $12,832,950, and net assets of $47,666,822.
Is Far Hills Country Day School's revenue growing or declining?
Far Hills Country Day School's revenue is declining. Revenue went from $13,130,127 (202306) to $11,430,559 (202406), a -12.9% change. Based on 14 filings on record.
What is Far Hills Country Day School's most recent 990 filing?
The most recent IRS Form 990 filing for Far Hills Country Day School covers tax period 202406. It shows revenue of $11,430,559, expenses of $12,832,950, total assets of $47,666,822, and liabilities of $6,768,704.
How much does Far Hills Country Day School spend on programs vs administration?
Based on IRS 990 analysis, Far Hills Country Day School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Far Hills Country Day School a trustworthy charity?
Based on AI analysis of IRS 990 data, Far Hills Country Day School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Far Hills Country Day School's strengths?
Positive indicators for Far Hills Country Day School include: Consistent revenue streams over multiple years, indicating financial stability.. High percentage of spending dedicated to program services, aligning with its educational mission.. Healthy asset base of $47.5 million as of 2024, providing long-term security.. These findings are derived from AI analysis of the organization's financial filings.
How does Far Hills Country Day School compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no specific figures raising immediate concerns based on available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the school managed to maintain a relatively stable revenue despite fluctuations in the broader economic environment?
Far Hills Country Day School has demonstrated consistent revenue generation, averaging over $13 million annually in recent years. This stability, despite economic shifts, suggests strong donor relations, consistent enrollment, or effective endowment management, allowing it to maintain its operations and asset base.
Filing History
IRS 990 filing history for Far Hills Country Day School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Far Hills Country Day School's revenue has declined by 22.6%, moving from $14.8M to $11.4M. Total assets decreased by 3.6% over the same period, from $49.5M to $47.7M. Total functional expenses fell by 5.1%, from $13.5M to $12.8M. In its most recent filing year (2024), Far Hills Country Day School reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $6.8M in liabilities against $47.7M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $40.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11.4M | $12.8M | $47.7M | $6.8M | — | View 990 |
| 2023 | $13.1M | $13.6M | $48.1M | $7.1M | — | View 990 |
| 2022 | $13.4M | $13.3M | $48.1M | $7.5M | — | View 990 |
| 2021 | $17.0M | $13.2M | $49.7M | $7.5M | — | — |
| 2020 | $15.5M | $12.9M | $46.7M | $8.5M | — | — |
| 2019 | $12.5M | $13.0M | $42.8M | $7.0M | — | View 990 |
| 2018 | $12.7M | $12.9M | $43.1M | $7.3M | — | View 990 |
| 2017 | $13.7M | $13.2M | $44.1M | $9.0M | — | View 990 |
| 2016 | $13.1M | $13.6M | $43.5M | $10.3M | — | View 990 |
| 2015 | $12.9M | $13.3M | $44.8M | $10.5M | — | View 990 |
| 2014 | $13.7M | $14.5M | $46.0M | $11.2M | — | View 990 |
| 2013 | $13.7M | $13.4M | $47.3M | $13.3M | — | View 990 |
| 2012 | $15.1M | $13.5M | $47.6M | $14.8M | — | View 990 |
| 2011 | $14.8M | $13.5M | $49.5M | $17.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11.4M, expenses of $12.8M, and assets of $47.7M (revenue -12.9% year-over-year).
- 2023: Revenue of $13.1M, expenses of $13.6M, and assets of $48.1M (revenue -1.8% year-over-year).
- 2022: Revenue of $13.4M, expenses of $13.3M, and assets of $48.1M (revenue -21.5% year-over-year).
- 2021: Revenue of $17.0M, expenses of $13.2M, and assets of $49.7M (revenue +10.1% year-over-year).
- 2020: Revenue of $15.5M, expenses of $12.9M, and assets of $46.7M (revenue +23.9% year-over-year).
- 2019: Revenue of $12.5M, expenses of $13.0M, and assets of $42.8M (revenue -1.8% year-over-year).
- 2018: Revenue of $12.7M, expenses of $12.9M, and assets of $43.1M (revenue -7.4% year-over-year).
- 2017: Revenue of $13.7M, expenses of $13.2M, and assets of $44.1M (revenue +4.7% year-over-year).
- 2016: Revenue of $13.1M, expenses of $13.6M, and assets of $43.5M (revenue +1.7% year-over-year).
- 2015: Revenue of $12.9M, expenses of $13.3M, and assets of $44.8M (revenue -6.1% year-over-year).
- 2014: Revenue of $13.7M, expenses of $14.5M, and assets of $46.0M (revenue +0.2% year-over-year).
- 2013: Revenue of $13.7M, expenses of $13.4M, and assets of $47.3M (revenue -9.2% year-over-year).
- 2012: Revenue of $15.1M, expenses of $13.5M, and assets of $47.6M (revenue +2.4% year-over-year).
- 2011: Revenue of $14.8M, expenses of $13.5M, and assets of $49.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Far Hills Country Day School:
Data Sources and Methodology
This transparency report for Far Hills Country Day 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.