Peck School
Peck School: Strong Financials, Consistent Program Spending
EIN: 221487293 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $26.4M |
| Total Expenses | $18.5M |
| Program Spending | 85% |
| Net Assets | $51.7M |
| Transparency Score | 85/100 |
Is Peck School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peck School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peck School
Peck School (EIN: 221487293) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $26.4M and total assets of $83.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peck School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peck School is a large nonprofit that has been operating for 81 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.2M |
| Total Expenses | $18.5M |
| Surplus / Deficit | $-259,450 |
| Total Assets | $74.0M |
| Total Liabilities | $22.3M |
| Net Assets | $51.7M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 30.1% |
| Months of Reserves | 48.1 months |
Financial Health Grade: B
In 2023, Peck School reported a deficit of $259K with expenses exceeding revenue, holds 48.1 months of operating reserves (strong position), has a debt-to-asset ratio of 30.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Peck School's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +3.0% | +3.4% |
| 2022 | -19.7% | +1.5% | -3.6% |
| 2021 | +46.6% | +12.9% | -0.2% |
| 2020 | -10.6% | +5.3% | +29.9% |
| 2019 | -10.1% | -4.0% | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1945 |
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 Peck 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, Peck 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $259K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% compensation to officers, directors, trustees, and key employees, suggesting these individuals may be compensated through other means or are volunteers.
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 Peck School:
- Consistent revenue growth from $12,465,938 in 2016 to $18,201,178 in 2023, indicating financial stability.
- Significant asset growth from $38,918,092 in 2016 to $73,967,629 in 2023, demonstrating strong financial health and capacity.
- Low liability-to-asset ratio, with liabilities at $22,266,489 against assets of $73,967,629 in 2023, suggesting prudent financial management.
- Program expenses consistently represent a high percentage of total expenses, indicating a strong focus on its mission.
- The organization has maintained a positive net asset position throughout the reported period.
Frequently Asked Questions about Peck School
Is Peck School a legitimate charity?
Peck School (EIN: 221487293) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $26.4M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Peck School spend its money?
Peck School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Peck School tax-deductible?
Peck School is registered as a tax-exempt nonprofit (EIN: 221487293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Peck School's spending goes to programs?
Peck School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Peck School located?
Peck School is headquartered in Morristown, New Jersey and files with the IRS under EIN 221487293.
How many years of IRS 990 filings does Peck School have?
Peck School 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 $26.4M in total revenue.
What does Peck School do?
Peck School is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Peck School have?
Peck School reported total revenue of $26,406,348. Based on 12 IRS 990 filings on record.
What are Peck School's total assets?
Peck School holds total assets of $83,194,049 as reported in IRS 990 filings.
Where is Peck School located?
Peck School is based in Morristown, New Jersey.
What is Peck School's EIN?
Peck School's Employer Identification Number (EIN) is 221487293. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Peck School?
Peck School is classified under NTEE code Unknown (Unknown).
Is Peck School a registered 501(c)(3)?
Peck School appears in IRS records (EIN: 221487293). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Peck School file IRS Form 990?
Yes, Peck School has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Peck School's revenue in 2023?
In the 202306 filing period, Peck School reported total revenue of $18,201,178, total expenses of $18,460,628, and net assets of $73,967,629.
Is Peck School's revenue growing or declining?
Peck School's revenue is relatively stable. Revenue went from $18,101,005 (202206) to $18,201,178 (202306), a +0.6% change. Based on 12 filings on record.
What is Peck School's most recent 990 filing?
The most recent IRS Form 990 filing for Peck School covers tax period 202306. It shows revenue of $18,201,178, expenses of $18,460,628, total assets of $73,967,629, and liabilities of $22,266,489.
How much does Peck School spend on programs vs administration?
Based on IRS 990 analysis, Peck School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Peck School a trustworthy charity?
Based on AI analysis of IRS 990 data, Peck School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Peck School's strengths?
Positive indicators for Peck School include: Consistent revenue growth from $12,465,938 in 2016 to $18,201,178 in 2023, indicating financial stability.. Significant asset growth from $38,918,092 in 2016 to $73,967,629 in 2023, demonstrating strong financial health and capacity.. Low liability-to-asset ratio, with liabilities at $22,266,489 against assets of $73,967,629 in 2023, suggesting prudent financial management.. Program expenses consistently represent a high percentage of total expenses, indicating a strong focus on its mission.. 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 Peck School compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% compensation to officers, directors, trustees, and key employees, suggesting these individuals may be compensated through other means or are volunteers. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Peck School?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees from unrelated organizations. • Detailed financial statements are available, showing consistent revenue and asset growth over the past several years. • The filings provide clear breakdowns of expenses, indicating a strong focus on program services. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 0% reported compensation for key personnel, how does Peck School attract and retain its leadership?
The consistent reporting of 0% compensation for officers, directors, trustees, and key employees suggests that these individuals may be volunteers, compensated through a related entity not detailed in these specific filings, or that their compensation falls below a reporting threshold. Further investigation into their operational structure or other related entities would be necessary to understand their leadership compensation model.
What factors contributed to the significant increase in liabilities from $9,398,636 in 2019 to $26,938,538 in 2020, and how was this managed?
The substantial increase in liabilities from $9,398,636 in 2019 to $26,938,538 in 2020 could be due to various factors such as new capital projects, bond issuances, or significant operational loans. Given that assets also increased during this period, it suggests these liabilities might be tied to strategic investments. The organization successfully managed this, as liabilities decreased to $22,266,489 by 2023 while assets continued to grow.
Filing History
IRS 990 filing history for Peck School showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Peck School's revenue has grown by 71.8%, moving from $10.6M to $18.2M. Total assets increased by 90.4% over the same period, from $38.8M to $74.0M. Total functional expenses rose by 75.7%, from $10.5M to $18.5M. In its most recent filing year (2023), Peck School reported a deficit of $259K, with expenses exceeding revenue. The organization holds $22.3M in liabilities against $74.0M in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $51.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.2M | $18.5M | $74.0M | $22.3M | — | View 990 |
| 2022 | $18.1M | $17.9M | $71.5M | $21.3M | — | View 990 |
| 2021 | $22.5M | $17.7M | $74.2M | $21.3M | — | — |
| 2020 | $15.4M | $15.6M | $74.4M | $26.9M | — | View 990 |
| 2019 | $17.2M | $14.8M | $57.3M | $9.4M | — | View 990 |
| 2018 | $19.1M | $15.5M | $49.9M | $4.2M | — | View 990 |
| 2017 | $17.9M | $13.2M | $44.3M | $2.0M | — | View 990 |
| 2016 | $12.5M | $12.3M | $38.9M | $2.0M | — | View 990 |
| 2015 | $13.3M | $11.7M | $39.1M | $1.8M | — | View 990 |
| 2014 | $11.9M | $11.5M | $41.6M | $5.0M | — | View 990 |
| 2013 | $11.6M | $11.3M | $39.7M | $5.3M | — | View 990 |
| 2012 | $10.6M | $10.5M | $38.8M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.2M, expenses of $18.5M, and assets of $74.0M (revenue +0.6% year-over-year).
- 2022: Revenue of $18.1M, expenses of $17.9M, and assets of $71.5M (revenue -19.7% year-over-year).
- 2021: Revenue of $22.5M, expenses of $17.7M, and assets of $74.2M (revenue +46.6% year-over-year).
- 2020: Revenue of $15.4M, expenses of $15.6M, and assets of $74.4M (revenue -10.6% year-over-year).
- 2019: Revenue of $17.2M, expenses of $14.8M, and assets of $57.3M (revenue -10.1% year-over-year).
- 2018: Revenue of $19.1M, expenses of $15.5M, and assets of $49.9M (revenue +6.6% year-over-year).
- 2017: Revenue of $17.9M, expenses of $13.2M, and assets of $44.3M (revenue +43.8% year-over-year).
- 2016: Revenue of $12.5M, expenses of $12.3M, and assets of $38.9M (revenue -6.0% year-over-year).
- 2015: Revenue of $13.3M, expenses of $11.7M, and assets of $39.1M (revenue +11.0% year-over-year).
- 2014: Revenue of $11.9M, expenses of $11.5M, and assets of $41.6M (revenue +2.7% year-over-year).
- 2013: Revenue of $11.6M, expenses of $11.3M, and assets of $39.7M (revenue +9.8% year-over-year).
- 2012: Revenue of $10.6M, expenses of $10.5M, and assets of $38.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peck School:
Data Sources and Methodology
This transparency report for Peck 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.