Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp
Friends Of Marion P Thomas Charter School consistently generates surpluses and has doubled its assets over the last decade.
EIN: 20731318 · Newark, NJ · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $3.8M |
| Program Spending | 85% |
| Net Assets | $17.0M |
| Transparency Score | 85/100 |
Is Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp (EIN: 20731318) is a nonprofit organization based in Newark, NJ, classified under NTEE code B11. The organization reported total revenue of $5.9M and total assets of $70.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp is a mid-size nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $67.3M |
| Total Liabilities | $50.4M |
| Net Assets | $17.0M |
| Operating Margin | 36.3% |
| Debt-to-Asset Ratio | 74.8% |
| Months of Reserves | 215.0 months |
Financial Health Grade: A
In 2023, Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp reported a surplus of $2.1M with revenue exceeding expenses, holds 215.0 months of operating reserves (strong position), has a debt-to-asset ratio of 74.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | -20.4% | +0.8% |
| 2022 | +1.5% | +11.8% | +1.1% |
| 2021 | -3.5% | -7.3% | +1.7% |
| 2020 | +1.0% | +9.5% | +0.4% |
| 2019 | +14.0% | +20.8% | +66.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp 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, Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through an affiliated entity, which can be a positive indicator for minimizing administrative overhead.
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 Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp's IRS 990 filings:
- Lack of detailed program, administrative, and fundraising expense breakdown in provided data
- Significant liabilities relative to assets (e.g., $50M liabilities vs $67M assets in 2023)
Strengths
The following positive indicators were identified for Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp:
- Consistent operating surpluses, with revenue exceeding expenses in all reported periods (e.g., $5.89M revenue vs $3.75M expenses in 2023)
- Significant growth in assets over the past decade, from $33.7M in 2014 to $70.4M currently
- No reported officer compensation, indicating potential for low administrative overhead
- Stable revenue generation over the past decade, demonstrating consistent support
Frequently Asked Questions about Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp
Is Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp (EIN: 20731318) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp spend its money?
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp tax-deductible?
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp is registered as a tax-exempt nonprofit (EIN: 20731318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp's spending goes to programs?
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp located?
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp is headquartered in Newark, New Jersey and files with the IRS under EIN 20731318. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp have?
Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp has 12 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 $5.9M in total revenue.
Is Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp a good charity?
Based on the available IRS 990 data, the organization demonstrates strong financial health, consistent revenue generation, and a significant growth in assets. The consistent operating surpluses and absence of reported officer compensation are positive indicators. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its charitable effectiveness.
How has the organization's financial position changed over time?
The organization's financial position has significantly strengthened. Assets have grown from $33,726,605 in 2014 to $70,460,322 currently, while liabilities have also increased but at a slower rate, indicating a growing net asset position. Revenue has remained stable, generally between $5-6 million annually, consistently exceeding expenses.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership is either entirely volunteer or compensated through a separate, unlisted mechanism.
Filing History
IRS 990 filing history for Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp's revenue has grown by 339.6%, moving from $1.3M to $5.9M. Total assets increased by 876.4% over the same period, from $6.9M to $67.3M. Total functional expenses rose by 197.8%, from $1.3M to $3.8M. In its most recent filing year (2023), Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $50.4M in liabilities against $67.3M in assets (debt-to-asset ratio: 74.8%), resulting in net assets of $17.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $3.8M | $67.3M | $50.4M | — | View 990 |
| 2022 | $5.8M | $4.7M | $66.8M | $51.9M | — | View 990 |
| 2021 | $5.7M | $4.2M | $66.0M | $52.2M | — | View 990 |
| 2020 | $5.9M | $4.6M | $64.9M | $52.6M | — | — |
| 2019 | $5.8M | $4.2M | $64.6M | $53.6M | — | View 990 |
| 2018 | $5.1M | $3.4M | $38.7M | $29.4M | — | View 990 |
| 2017 | $5.2M | $3.4M | $37.6M | $30.0M | — | View 990 |
| 2016 | $5.3M | $3.4M | $37.1M | $31.3M | — | View 990 |
| 2015 | $6.0M | $3.9M | $36.2M | $32.3M | — | View 990 |
| 2014 | $2.8M | $1.9M | $33.7M | $31.9M | — | View 990 |
| 2013 | $1.4M | $1.2M | $6.7M | $5.8M | — | View 990 |
| 2012 | $1.3M | $1.3M | $6.9M | $6.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $3.8M, and assets of $67.3M (revenue +2.2% year-over-year).
- 2022: Revenue of $5.8M, expenses of $4.7M, and assets of $66.8M (revenue +1.5% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.2M, and assets of $66.0M (revenue -3.5% year-over-year).
- 2020: Revenue of $5.9M, expenses of $4.6M, and assets of $64.9M (revenue +1.0% year-over-year).
- 2019: Revenue of $5.8M, expenses of $4.2M, and assets of $64.6M (revenue +14.0% year-over-year).
- 2018: Revenue of $5.1M, expenses of $3.4M, and assets of $38.7M (revenue -1.4% year-over-year).
- 2017: Revenue of $5.2M, expenses of $3.4M, and assets of $37.6M (revenue -2.4% year-over-year).
- 2016: Revenue of $5.3M, expenses of $3.4M, and assets of $37.1M (revenue -11.5% year-over-year).
- 2015: Revenue of $6.0M, expenses of $3.9M, and assets of $36.2M (revenue +112.1% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.9M, and assets of $33.7M (revenue +101.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $6.7M (revenue +4.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp:
Data Sources and Methodology
This transparency report for Friends Of Marion P Thomas Charter School A New Jersey Nonprofit Corp 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.