Friends School Corporation
Friends School Corporation: Stable Finances, Consistent Program Focus
EIN: 221903166 · Mullica Hill, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Friends School Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends School Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends School Corporation
Friends School Corporation (EIN: 221903166) is a nonprofit organization based in Mullica Hill, NJ. The organization reported total revenue of $4.4M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends School Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends School Corporation is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-5,522 |
| Total Assets | $5.9M |
| Total Liabilities | $3.7M |
| Net Assets | $2.2M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 62.9% |
| Months of Reserves | 17.0 months |
Financial Health Grade: C
In 2023, Friends School Corporation reported a deficit of $6K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 62.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends School Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +7.6% | +2.9% |
| 2022 | +30.6% | +8.6% | +24.8% |
| 2021 | +11.0% | -1.0% | +8.4% |
| 2020 | +52.7% | +44.3% | -6.0% |
| 2019 | +6.5% | +8.2% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
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 School Corporation 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 School Corporation 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 deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.9%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests compensation may be reported under different categories or through a related entity.
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 School Corporation's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years, despite significant revenue and expenses, raises questions about how leadership is compensated.
- The organization's net assets have shown some fluctuation, with a decrease from $5,118,499 in 2017 to $4,263,339 in 2020, before recovering to $5,934,480 in 2023.
Strengths
The following positive indicators were identified for Friends School Corporation:
- Consistent revenue generation, with 2023 revenue at $4,192,825.
- Strong asset base, with total assets of $5,934,480 in 2023.
- Expenses are consistently managed below revenue in recent years, indicating financial stability.
- The organization has maintained a positive net asset position throughout the reported period.
Frequently Asked Questions about Friends School Corporation
Is Friends School Corporation a legitimate charity?
Friends School Corporation (EIN: 221903166) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Friends School Corporation spend its money?
Friends School Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends School Corporation tax-deductible?
Friends School Corporation is registered as a tax-exempt nonprofit (EIN: 221903166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends School Corporation CEO make?
Friends School Corporation's highest-compensated officer earns $0 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends School Corporation's spending goes to programs?
Friends School Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Friends School Corporation located?
Friends School Corporation is headquartered in Mullica Hill, New Jersey and files with the IRS under EIN 221903166.
How many years of IRS 990 filings does Friends School Corporation have?
Friends School Corporation has 13 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 $4.4M in total revenue.
What does Friends School Corporation do?
Friends School Corporation is a nonprofit organization in the Unknown sector, located in Mullica Hill, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Friends School Corporation have?
Friends School Corporation reported total revenue of $4,351,108. Based on 13 IRS 990 filings on record.
What are Friends School Corporation's total assets?
Friends School Corporation holds total assets of $5,955,315 as reported in IRS 990 filings.
Where is Friends School Corporation located?
Friends School Corporation is based in Mullica Hill, New Jersey.
What is Friends School Corporation's EIN?
Friends School Corporation's Employer Identification Number (EIN) is 221903166. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends School Corporation?
Friends School Corporation is classified under NTEE code Unknown (Unknown).
Is Friends School Corporation a registered 501(c)(3)?
Friends School Corporation appears in IRS records (EIN: 221903166). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Friends School Corporation file IRS Form 990?
Yes, Friends School Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Friends School Corporation's revenue in 2023?
In the 202307 filing period, Friends School Corporation reported total revenue of $4,192,825, total expenses of $4,198,347, and net assets of $5,934,480.
Is Friends School Corporation's revenue growing or declining?
Friends School Corporation's revenue is declining. Revenue went from $4,696,625 (202207) to $4,192,825 (202307), a -10.7% change. Based on 13 filings on record.
What is Friends School Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Friends School Corporation covers tax period 202307. It shows revenue of $4,192,825, expenses of $4,198,347, total assets of $5,934,480, and liabilities of $3,735,136.
How much does Friends School Corporation spend on programs vs administration?
Based on IRS 990 analysis, Friends School Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Friends School Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends School Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Friends School Corporation?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years, despite significant revenue and expenses, raises questions about how leadership is compensated.. The organization's net assets have shown some fluctuation, with a decrease from $5,118,499 in 2017 to $4,263,339 in 2020, before recovering to $5,934,480 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends School Corporation's strengths?
Positive indicators for Friends School Corporation include: Consistent revenue generation, with 2023 revenue at $4,192,825.. Strong asset base, with total assets of $5,934,480 in 2023.. Expenses are consistently managed below revenue in recent years, indicating financial stability.. The organization has maintained a positive net asset position throughout the reported period.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends School Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests compensation may be reported under different categories or through a related entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does Friends School Corporation attract and retain qualified leadership, and where is leadership compensation truly accounted for in their financial statements?
The consistent $0 reporting for executive compensation is highly unusual for an organization with annual revenues exceeding $4 million. This suggests that compensation for key personnel might be embedded within other expense categories (e.g., program expenses if leaders are also educators) or paid through a related entity not explicitly detailed in these specific sections of the filings. A deeper dive into the full Form 990, particularly Schedule J (Compensation Information) and Schedule R (Related Organizations), would be necessary to understand the true compensation structure.
Filing History
IRS 990 filing history for Friends School Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends School Corporation's revenue has grown by 24.6%, moving from $3.4M to $4.2M. Total assets decreased by 1.9% over the same period, from $6.0M to $5.9M. Total functional expenses rose by 29.7%, from $3.2M to $4.2M. In its most recent filing year (2023), Friends School Corporation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $5.9M in assets (debt-to-asset ratio: 62.9%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.2M | $5.9M | $3.7M | — | View 990 |
| 2022 | $4.7M | $3.9M | $5.8M | $3.6M | — | View 990 |
| 2021 | $3.6M | $3.6M | $4.6M | $3.2M | — | View 990 |
| 2020 | $3.2M | $3.6M | $4.3M | $2.9M | — | — |
| 2019 | $2.1M | $2.5M | $4.5M | $2.8M | — | View 990 |
| 2018 | $2.0M | $2.3M | $4.8M | $2.7M | — | View 990 |
| 2017 | $2.3M | $2.3M | $5.1M | $2.7M | — | View 990 |
| 2016 | $2.4M | $2.2M | $5.5M | $3.1M | — | View 990 |
| 2015 | $2.3M | $2.3M | $5.0M | $2.8M | — | View 990 |
| 2014 | $2.7M | $2.9M | $5.2M | $3.0M | — | View 990 |
| 2013 | $3.1M | $3.0M | $5.7M | $3.3M | — | View 990 |
| 2012 | $3.2M | $3.2M | $5.9M | $3.7M | — | View 990 |
| 2011 | $3.4M | $3.2M | $6.0M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.2M, and assets of $5.9M (revenue -10.7% year-over-year).
- 2022: Revenue of $4.7M, expenses of $3.9M, and assets of $5.8M (revenue +30.6% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.6M, and assets of $4.6M (revenue +11.0% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.6M, and assets of $4.3M (revenue +52.7% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.5M, and assets of $4.5M (revenue +6.5% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.3M, and assets of $4.8M (revenue -12.1% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $5.1M (revenue -5.3% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.2M, and assets of $5.5M (revenue +3.0% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $5.0M (revenue -13.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.9M, and assets of $5.2M (revenue -15.0% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.0M, and assets of $5.7M (revenue -2.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.2M, and assets of $5.9M (revenue -4.3% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.2M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends School Corporation:
Data Sources and Methodology
This transparency report for Friends School Corporation 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.