Newgrange School Of Princeton Inc
Newgrange School: Strong Financials, High Program Spending
EIN: 222163091 · Pennington, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $8.1M |
| Program Spending | 85% |
| Net Assets | $-457,392 |
| Transparency Score | 85/100 |
Is Newgrange School Of Princeton Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newgrange School Of Princeton Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newgrange School Of Princeton Inc
Newgrange School Of Princeton Inc (EIN: 222163091) is a nonprofit organization based in Pennington, NJ. The organization reported total revenue of $7.8M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newgrange School Of Princeton Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newgrange School Of Princeton Inc is a mid-size nonprofit that has been operating for 48 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $8.1M |
| Surplus / Deficit | $-272,391 |
| Total Assets | $6.5M |
| Total Liabilities | $6.9M |
| Net Assets | $-457,392 |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 107.1% |
| Months of Reserves | 9.6 months |
Financial Health Grade: C
In 2024, Newgrange School Of Princeton Inc reported a deficit of $272K with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 107.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Newgrange School Of Princeton Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +18.8% | +17.0% | -2.0% |
| 2023 | -5.5% | -13.9% | -8.1% |
| 2022 | -10.2% | -8.7% | -5.6% |
| 2021 | -3.5% | +10.4% | -15.9% |
| 2020 | -4.0% | -4.7% | +322.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Newgrange School Of Princeton Inc 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, Newgrange School Of Princeton Inc 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 $272K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness against organizational revenue and assets.
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 Newgrange School Of Princeton Inc:
- Consistently strong revenue, with $7,796,217 reported in 2024.
- Healthy asset base, with $6,469,500 in 2024, indicating financial stability.
- Low liability-to-asset ratio, with liabilities of $6,926,892 against assets of $6,469,500 in 2024, though liabilities slightly exceed assets in the most recent year, this is a recent shift from prior years where assets significantly exceeded liabilities.
- Consistent operational history dating back to at least 2017.
Frequently Asked Questions about Newgrange School Of Princeton Inc
Is Newgrange School Of Princeton Inc a legitimate charity?
Newgrange School Of Princeton Inc (EIN: 222163091) 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: $7.8M. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Newgrange School Of Princeton Inc spend its money?
Newgrange School Of Princeton Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Newgrange School Of Princeton Inc tax-deductible?
Newgrange School Of Princeton Inc is registered as a tax-exempt nonprofit (EIN: 222163091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newgrange School Of Princeton Inc's spending goes to programs?
Newgrange School Of Princeton Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Newgrange School Of Princeton Inc located?
Newgrange School Of Princeton Inc is headquartered in Pennington, New Jersey and files with the IRS under EIN 222163091.
How many years of IRS 990 filings does Newgrange School Of Princeton Inc have?
Newgrange School Of Princeton Inc 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 $7.8M in total revenue.
What does Newgrange School Of Princeton Inc do?
Newgrange School Of Princeton Inc is a nonprofit organization in the Unknown sector, located in Pennington, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Newgrange School Of Princeton Inc have?
Newgrange School Of Princeton Inc reported total revenue of $7,796,217. Based on 14 IRS 990 filings on record.
What are Newgrange School Of Princeton Inc's total assets?
Newgrange School Of Princeton Inc holds total assets of $6,469,500 as reported in IRS 990 filings.
Where is Newgrange School Of Princeton Inc located?
Newgrange School Of Princeton Inc is based in Pennington, New Jersey.
What is Newgrange School Of Princeton Inc's EIN?
Newgrange School Of Princeton Inc's Employer Identification Number (EIN) is 222163091. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newgrange School Of Princeton Inc?
Newgrange School Of Princeton Inc is classified under NTEE code Unknown (Unknown).
Is Newgrange School Of Princeton Inc a registered 501(c)(3)?
Newgrange School Of Princeton Inc appears in IRS records (EIN: 222163091). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newgrange School Of Princeton Inc file IRS Form 990?
Yes, Newgrange School Of Princeton Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Newgrange School Of Princeton Inc's revenue in 2024?
In the 202406 filing period, Newgrange School Of Princeton Inc reported total revenue of $7,796,217, total expenses of $8,068,608, and net assets of $6,469,500.
Is Newgrange School Of Princeton Inc's revenue growing or declining?
Newgrange School Of Princeton Inc's revenue is growing. Revenue went from $6,559,875 (202306) to $7,796,217 (202406), a +18.8% change. Based on 14 filings on record.
What is Newgrange School Of Princeton Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Newgrange School Of Princeton Inc covers tax period 202406. It shows revenue of $7,796,217, expenses of $8,068,608, total assets of $6,469,500, and liabilities of $6,926,892.
How much does Newgrange School Of Princeton Inc spend on programs vs administration?
Based on IRS 990 analysis, Newgrange School Of Princeton Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Newgrange School Of Princeton Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Newgrange School Of Princeton Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Newgrange School Of Princeton Inc's strengths?
Positive indicators for Newgrange School Of Princeton Inc include: Consistently strong revenue, with $7,796,217 reported in 2024.. Healthy asset base, with $6,469,500 in 2024, indicating financial stability.. Low liability-to-asset ratio, with liabilities of $6,926,892 against assets of $6,469,500 in 2024, though liabilities slightly exceed assets in the most recent year, this is a recent shift from prior years where assets significantly exceeded liabilities.. Consistent operational history dating back to at least 2017.. These findings are derived from AI analysis of the organization's financial filings.
How does Newgrange School Of Princeton Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness against organizational revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the significant increase in liabilities from $1,041,058 in 2019 to $6,926,892 in 2024, and how does this impact the organization's long-term financial health?
The data shows a substantial increase in liabilities, particularly from 2019 onwards. While assets also grew, the recent shift where liabilities ($6,926,892) slightly exceed assets ($6,469,500) in 2024 warrants further investigation into the nature of these liabilities (e.g., long-term debt, capital leases) and their potential impact on future liquidity and solvency.
Filing History
IRS 990 filing history for Newgrange School Of Princeton Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Newgrange School Of Princeton Inc's revenue has grown by 41.7%, moving from $5.5M to $7.8M. Total assets increased by 235.4% over the same period, from $1.9M to $6.5M. Total functional expenses rose by 46.9%, from $5.5M to $8.1M. In its most recent filing year (2024), Newgrange School Of Princeton Inc reported a deficit of $272K, with expenses exceeding revenue. The organization holds $6.9M in liabilities against $6.5M in assets (debt-to-asset ratio: 107.1%), resulting in net assets of $-457,392.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.8M | $8.1M | $6.5M | $6.9M | — | View 990 |
| 2023 | $6.6M | $6.9M | $6.6M | $6.8M | — | View 990 |
| 2022 | $6.9M | $8.0M | $7.2M | $7.0M | — | View 990 |
| 2021 | $7.7M | $8.8M | $7.6M | $7.5M | — | — |
| 2020 | $8.0M | $7.9M | $9.1M | $7.9M | — | View 990 |
| 2019 | $8.3M | $8.3M | $2.1M | $1.0M | — | View 990 |
| 2018 | $7.6M | $7.5M | $2.1M | $1.0M | — | View 990 |
| 2017 | $6.6M | $6.6M | $1.7M | $619K | — | View 990 |
| 2016 | $6.4M | $6.4M | $1.8M | $836K | — | View 990 |
| 2015 | $6.1M | $6.2M | $1.8M | $847K | — | View 990 |
| 2014 | $5.8M | $5.9M | $1.7M | $706K | — | View 990 |
| 2013 | $5.6M | $5.7M | $1.6M | $619K | — | View 990 |
| 2012 | $5.1M | $5.2M | $1.6M | $453K | — | View 990 |
| 2011 | $5.5M | $5.5M | $1.9M | $630K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.8M, expenses of $8.1M, and assets of $6.5M (revenue +18.8% year-over-year).
- 2023: Revenue of $6.6M, expenses of $6.9M, and assets of $6.6M (revenue -5.5% year-over-year).
- 2022: Revenue of $6.9M, expenses of $8.0M, and assets of $7.2M (revenue -10.2% year-over-year).
- 2021: Revenue of $7.7M, expenses of $8.8M, and assets of $7.6M (revenue -3.5% year-over-year).
- 2020: Revenue of $8.0M, expenses of $7.9M, and assets of $9.1M (revenue -4.0% year-over-year).
- 2019: Revenue of $8.3M, expenses of $8.3M, and assets of $2.1M (revenue +9.6% year-over-year).
- 2018: Revenue of $7.6M, expenses of $7.5M, and assets of $2.1M (revenue +15.9% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.6M, and assets of $1.7M (revenue +2.8% year-over-year).
- 2016: Revenue of $6.4M, expenses of $6.4M, and assets of $1.8M (revenue +4.6% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.2M, and assets of $1.8M (revenue +5.2% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.9M, and assets of $1.7M (revenue +4.2% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.7M, and assets of $1.6M (revenue +8.9% year-over-year).
- 2012: Revenue of $5.1M, expenses of $5.2M, and assets of $1.6M (revenue -6.9% year-over-year).
- 2011: Revenue of $5.5M, expenses of $5.5M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newgrange School Of Princeton Inc:
Data Sources and Methodology
This transparency report for Newgrange School Of Princeton Inc 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.