Peddie School
Peddie School maintains strong financial health with consistent surpluses and growing assets, reporting 0% officer compensation.
EIN: 210634492 · Hightstown, NJ · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $161.5M |
| Total Expenses | $53.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $594 |
| Net Assets | $551.3M |
| Transparency Score | 88/100 |
Is Peddie School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peddie School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peddie School
Peddie School (EIN: 210634492) is a nonprofit organization based in Hightstown, NJ, classified under NTEE code B200. The organization reported total revenue of $161.5M and total assets of $632.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peddie School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peddie School is a major nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59.0M |
| Total Expenses | $53.4M |
| Surplus / Deficit | +$5.6M |
| Total Assets | $594.0M |
| Total Liabilities | $42.7M |
| Net Assets | $551.3M |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 133.5 months |
Financial Health Grade: A
In 2023, Peddie School reported a surplus of $5.6M with revenue exceeding expenses, holds 133.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peddie School's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | +5.5% | +4.3% |
| 2022 | +10.8% | +6.4% | -7.2% |
| 2021 | -5.6% | -0.8% | +24.1% |
| 2020 | +5.0% | -0.8% | -0.2% |
| 2019 | -4.7% | +0.6% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1937 |
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 Peddie School with a Mission Score of 88 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, Peddie 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 surplus of $5.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of Peddie School's size and asset base ($594 million in 2023). This suggests that executive compensation may be structured in a way that is not reported under the 'Officer Comp' line item, or that key leadership roles are filled by uncompensated individuals, which warrants further inquiry for full transparency.
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 Peddie School's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this scale and warrants further investigation into executive remuneration practices.
- Significant discrepancy between 'Latest Revenue' ($161M) and the most recent annual filing revenue ($59M), indicating potential for large non-operating income or reporting differences that need clarification.
Strengths
The following positive indicators were identified for Peddie School:
- Strong financial health with consistent operating surpluses across all reported periods (e.g., $59M revenue vs. $53M expenses in 202306).
- Substantial and growing asset base, increasing from $461M in 2014 to $594M in 2023, demonstrating effective asset management and investment.
- Low liability-to-asset ratio, indicating strong fiscal responsibility and minimal financial risk (e.g., $42M liabilities vs. $594M assets in 2023).
- Consistent revenue generation, with annual revenues generally in the $50M-$65M range, providing a stable financial foundation.
Frequently Asked Questions about Peddie School
Is Peddie School a legitimate charity?
Based on AI analysis of IRS 990 filings, Peddie School (EIN: 210634492) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Peddie School spend its money?
Peddie School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peddie School tax-deductible?
Peddie School is registered as a tax-exempt nonprofit (EIN: 210634492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Peddie School CEO make?
Peddie School's highest-compensated officer earns $594 annually. The organization reported $161.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Peddie School's spending goes to programs?
Peddie School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Peddie School compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Peddie School is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peddie School located?
Peddie School is headquartered in Hightstown, New Jersey and files with the IRS under EIN 210634492. It is classified under NTEE code B200.
How many years of IRS 990 filings does Peddie School have?
Peddie School 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 $161.5M in total revenue.
How are the top executives and officers compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all 13 filings is highly unusual for an institution of Peddie School's size. This could mean compensation is paid through a related entity, reported under a different expense category, or that the highest-ranking officers are genuinely uncompensated, which would be an exceptional practice.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A deeper dive into the full IRS 990 forms would be necessary to assess the efficiency of spending in these specific areas.
What is the primary source of the significant revenue fluctuations, such as the jump to $161M in the latest revenue figure compared to the $59M in 202306?
The 'Latest Revenue' figure of $161,467,233 is significantly higher than the $59,000,083 reported for the 202306 period. This discrepancy suggests that the 'Latest Revenue' might include non-operating income, such as investment gains or large one-time donations, which are not consistently reflected in the annual operating revenue figures from the filing history.
Filing History
IRS 990 filing history for Peddie School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peddie School's revenue has grown by 37.1%, moving from $43.0M to $59.0M. Total assets increased by 45.6% over the same period, from $408.1M to $594.0M. Total functional expenses rose by 38.8%, from $38.5M to $53.4M. In its most recent filing year (2023), Peddie School reported a surplus of $5.6M, with revenue exceeding expenses. The organization holds $42.7M in liabilities against $594.0M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $551.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59.0M | $53.4M | $594.0M | $42.7M | — | View 990 |
| 2022 | $64.4M | $50.6M | $569.4M | $47.3M | — | View 990 |
| 2021 | $58.1M | $47.6M | $613.4M | $47.1M | — | View 990 |
| 2020 | $61.6M | $48.0M | $494.5M | $29.1M | — | View 990 |
| 2019 | $58.7M | $48.3M | $495.5M | $33.0M | — | View 990 |
| 2018 | $61.6M | $48.0M | $484.0M | $37.5M | — | View 990 |
| 2017 | $54.0M | $47.1M | $461.6M | $40.3M | — | View 990 |
| 2016 | $64.5M | $44.8M | $439.2M | $46.3M | — | View 990 |
| 2015 | $54.7M | $43.2M | $465.7M | $46.8M | — | View 990 |
| 2014 | $49.0M | $42.7M | $461.6M | $47.7M | — | View 990 |
| 2013 | $52.0M | $40.9M | $415.1M | $49.3M | — | View 990 |
| 2012 | $41.3M | $39.0M | $385.2M | $51.7M | — | View 990 |
| 2011 | $43.0M | $38.5M | $408.1M | $52.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59.0M, expenses of $53.4M, and assets of $594.0M (revenue -8.4% year-over-year).
- 2022: Revenue of $64.4M, expenses of $50.6M, and assets of $569.4M (revenue +10.8% year-over-year).
- 2021: Revenue of $58.1M, expenses of $47.6M, and assets of $613.4M (revenue -5.6% year-over-year).
- 2020: Revenue of $61.6M, expenses of $48.0M, and assets of $494.5M (revenue +5.0% year-over-year).
- 2019: Revenue of $58.7M, expenses of $48.3M, and assets of $495.5M (revenue -4.7% year-over-year).
- 2018: Revenue of $61.6M, expenses of $48.0M, and assets of $484.0M (revenue +14.1% year-over-year).
- 2017: Revenue of $54.0M, expenses of $47.1M, and assets of $461.6M (revenue -16.3% year-over-year).
- 2016: Revenue of $64.5M, expenses of $44.8M, and assets of $439.2M (revenue +18.0% year-over-year).
- 2015: Revenue of $54.7M, expenses of $43.2M, and assets of $465.7M (revenue +11.5% year-over-year).
- 2014: Revenue of $49.0M, expenses of $42.7M, and assets of $461.6M (revenue -5.7% year-over-year).
- 2013: Revenue of $52.0M, expenses of $40.9M, and assets of $415.1M (revenue +25.9% year-over-year).
- 2012: Revenue of $41.3M, expenses of $39.0M, and assets of $385.2M (revenue -4.1% year-over-year).
- 2011: Revenue of $43.0M, expenses of $38.5M, and assets of $408.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peddie School:
Data Sources and Methodology
This transparency report for Peddie 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.