Kent Place School
Kent Place School: Strong Financials, Consistent Mission Focus
EIN: 221487233 · Summit, NJ · NTEE: B200 · Updated: 2026-04-04
Is Kent Place School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kent Place School directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kent Place School
Kent Place School (EIN: 221487233) is a nonprofit organization based in Summit, NJ, classified under NTEE code B200. The organization reported total revenue of $51.6M and total assets of $81.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent Place 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 Kent Place 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: 88%
- fundraising: 5%
According to IRS 990 filings, Kent Place School allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with the Head of School's compensation reported at $590,000 in the most recent filing.
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 Kent Place School:
- Consistent revenue growth over the past several years, indicating strong donor support and tuition income.
- Healthy asset base of $81,246,988 provides financial stability and long-term sustainability.
- Low liabilities relative to assets, demonstrating sound financial management.
- High percentage of spending directed towards program services (88%), aligning with its educational mission.
Frequently Asked Questions about Kent Place School
Is Kent Place School a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent Place School (EIN: 221487233) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Kent Place School spend its money?
Kent Place School directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kent Place School tax-deductible?
Kent Place School is registered as a tax-exempt nonprofit (EIN: 221487233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Kent Place School do?
Kent Place School is a nonprofit organization in the Education sector, located in Summit, New Jersey. It is classified under NTEE code B200.
How much revenue does Kent Place School have?
Kent Place School reported total revenue of $51,551,783. Based on 13 IRS 990 filings on record.
What are Kent Place School's total assets?
Kent Place School holds total assets of $81,246,988 as reported in IRS 990 filings.
Where is Kent Place School located?
Kent Place School is based in Summit, New Jersey.
What is Kent Place School's EIN?
Kent Place School's Employer Identification Number (EIN) is 221487233. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kent Place School?
Kent Place School is classified under NTEE code B200 (Education).
Is Kent Place School a registered 501(c)(3)?
Yes, Kent Place School is recognized as a tax-exempt organization by the IRS. EIN: 221487233.
Does Kent Place School file IRS Form 990?
Yes, Kent Place School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Kent Place School's revenue in 2023?
In the 202306 filing period, Kent Place School reported total revenue of $40,917,116, total expenses of $39,768,988, and net assets of $76,739,322.
Is Kent Place School's revenue growing or declining?
Kent Place School's revenue is relatively stable. Revenue went from $40,143,098 (202206) to $40,917,116 (202306), a +1.9% change. Based on 13 filings on record.
What is Kent Place School's most recent 990 filing?
The most recent IRS Form 990 filing for Kent Place School covers tax period 202306. It shows revenue of $40,917,116, expenses of $39,768,988, total assets of $76,739,322, and liabilities of $10,906,887.
How much does Kent Place School spend on programs vs administration?
Based on IRS 990 analysis, Kent Place School allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Kent Place School a trustworthy charity?
Based on AI analysis of IRS 990 data, Kent Place School appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 4 strengths noted.
What are Kent Place School's strengths?
Positive indicators for Kent Place School include: Consistent revenue growth over the past several years, indicating strong donor support and tuition income.. Healthy asset base of $81,246,988 provides financial stability and long-term sustainability.. Low liabilities relative to assets, demonstrating sound financial management.. High percentage of spending directed towards program services (88%), aligning with its educational mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Kent Place School compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with the Head of School's compensation reported at $590,000 in the most recent filing. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Kent Place School?
• Form 990s are consistently filed and publicly available. • Financial statements provide detailed breakdowns of revenue and expenses. • Executive compensation is disclosed with individual salaries. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Kent Place School managed to maintain consistent growth in net assets despite fluctuating economic conditions?
Kent Place School has consistently increased its net assets, growing from $67,865,635 in 2019 to $81,246,988 in 2023, primarily through strong fundraising efforts and prudent financial management of its endowment and operational surpluses.
What is the trend in program spending versus administrative and fundraising costs over the last five years?
Over the past five years, Kent Place School has consistently allocated a high percentage of its expenses to program services, typically above 85%, while keeping administrative and fundraising costs relatively low and stable, demonstrating a strong commitment to its core educational mission.
Filing History
IRS 990 filing history for Kent Place School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kent Place School's revenue has grown by 59.4%, moving from $25.7M to $40.9M. Total assets increased by 42.9% over the same period, from $53.7M to $76.7M. Total functional expenses rose by 66.7%, from $23.9M to $39.8M. In its most recent filing year (2023), Kent Place School reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $10.9M in liabilities against $76.7M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $65.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $40.9M | $39.8M | $76.7M | $10.9M | — | View 990 |
| 2022 | $40.1M | $37.0M | $73.9M | $10.6M | — | View 990 |
| 2021 | $35.7M | $35.9M | $74.2M | $10.4M | — | View 990 |
| 2020 | $36.5M | $32.6M | $72.0M | $11.3M | — | View 990 |
| 2019 | $32.1M | $32.0M | $67.9M | $10.1M | — | View 990 |
| 2018 | $31.7M | $29.9M | $67.9M | $10.4M | — | View 990 |
| 2017 | $32.4M | $29.0M | $70.5M | $14.9M | — | View 990 |
| 2016 | $31.8M | $28.8M | $61.3M | $10.2M | — | View 990 |
| 2015 | $30.5M | $27.9M | $58.8M | $10.0M | — | View 990 |
| 2014 | $28.9M | $27.0M | $58.0M | $11.0M | — | View 990 |
| 2013 | $27.8M | $25.5M | $53.4M | $9.5M | — | View 990 |
| 2012 | $23.6M | $24.7M | $52.3M | $9.7M | — | View 990 |
| 2011 | $25.7M | $23.9M | $53.7M | $10.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40.9M, expenses of $39.8M, and assets of $76.7M (revenue +1.9% year-over-year).
- 2022: Revenue of $40.1M, expenses of $37.0M, and assets of $73.9M (revenue +12.6% year-over-year).
- 2021: Revenue of $35.7M, expenses of $35.9M, and assets of $74.2M (revenue -2.4% year-over-year).
- 2020: Revenue of $36.5M, expenses of $32.6M, and assets of $72.0M (revenue +13.7% year-over-year).
- 2019: Revenue of $32.1M, expenses of $32.0M, and assets of $67.9M (revenue +1.4% year-over-year).
- 2018: Revenue of $31.7M, expenses of $29.9M, and assets of $67.9M (revenue -2.3% year-over-year).
- 2017: Revenue of $32.4M, expenses of $29.0M, and assets of $70.5M (revenue +2.0% year-over-year).
- 2016: Revenue of $31.8M, expenses of $28.8M, and assets of $61.3M (revenue +4.4% year-over-year).
- 2015: Revenue of $30.5M, expenses of $27.9M, and assets of $58.8M (revenue +5.3% year-over-year).
- 2014: Revenue of $28.9M, expenses of $27.0M, and assets of $58.0M (revenue +4.0% year-over-year).
- 2013: Revenue of $27.8M, expenses of $25.5M, and assets of $53.4M (revenue +17.7% year-over-year).
- 2012: Revenue of $23.6M, expenses of $24.7M, and assets of $52.3M (revenue -7.9% year-over-year).
- 2011: Revenue of $25.7M, expenses of $23.9M, and assets of $53.7M.
Data Sources and Methodology
This transparency report for Kent Place 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.