Pennington School
Pennington School shows consistent financial growth and surpluses with 0% reported officer compensation.
EIN: 210635004 · Pennington, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50.2M |
| Total Expenses | $36.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $37.9 |
| Net Assets | $70.5M |
| Transparency Score | 85/100 |
Is Pennington School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pennington School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pennington School
Pennington School (EIN: 210635004) is a nonprofit organization based in Pennington, NJ. The organization reported total revenue of $50.2M and total assets of $95.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennington School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennington School is a major nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.0M |
| Total Expenses | $36.9M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $92.4M |
| Total Liabilities | $21.9M |
| Net Assets | $70.5M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 23.7% |
| Months of Reserves | 30.0 months |
Financial Health Grade: A
In 2023, Pennington School reported a surplus of $1.1M with revenue exceeding expenses, holds 30.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pennington School's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | +7.9% | +2.5% |
| 2022 | +22.5% | +9.5% | -5.3% |
| 2021 | +7.6% | +3.5% | +10.9% |
| 2020 | -2.6% | +1.2% | -1.1% |
| 2019 | +3.8% | +4.5% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
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 Pennington 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, Pennington 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.7%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all 13 filings is unusual for an organization of this size ($37.9 million in revenue in 2023) and suggests that executive compensation may be reported under different categories or that the organization's leadership structure does not include 'officers' as defined for this specific line item on the 990.
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 Pennington School's IRS 990 filings:
- Consistent 0% reported officer compensation, potentially obscuring full executive remuneration picture.
Strengths
The following positive indicators were identified for Pennington School:
- Consistent revenue growth over the past decade, from $27.2 million in 2014 to $37.9 million in 2023.
- Maintains a healthy financial surplus annually, with revenues consistently exceeding expenses (e.g., $1.05 million surplus in 2023).
- Significant and growing asset base, increasing from $67.2 million in 2014 to $92.3 million in 2023, indicating strong financial health.
- Low liabilities relative to assets, with liabilities at $21.8 million against $92.3 million in assets in 2023, suggesting good balance sheet management.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Pennington School
Is Pennington School a legitimate charity?
Based on AI analysis of IRS 990 filings, Pennington School (EIN: 210635004) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Pennington School spend its money?
Pennington School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pennington School tax-deductible?
Pennington School is registered as a tax-exempt nonprofit (EIN: 210635004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pennington School CEO make?
Pennington School's highest-compensated officer earns $37.9 annually. The organization reported $50.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pennington School's spending goes to programs?
Pennington School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pennington School located?
Pennington School is headquartered in Pennington, New Jersey and files with the IRS under EIN 210635004.
How many years of IRS 990 filings does Pennington School have?
Pennington 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 $50.2M in total revenue.
How are the school's top executives compensated if 'officer compensation' is consistently reported as 0%?
The IRS Form 990 requires reporting of compensation for officers, directors, trustees, and key employees. A consistent 0% for 'officer compensation' suggests that either these roles are uncompensated, or compensation is reported under other categories (e.g., 'key employees' or 'highest compensated employees' on Schedule J) or through related organizations, which would require deeper scrutiny of the full 990 form and its schedules.
What is the primary source of the school's revenue, given its significant annual income?
While the provided data only shows total revenue, for an educational institution like The Pennington School, primary revenue sources typically include tuition and fees, contributions and grants, investment income, and potentially auxiliary services. A detailed breakdown would be available in Part VIII of the full IRS Form 990.
What is the school's endowment size and how does it contribute to its financial stability?
The provided data shows significant and growing assets, reaching $92.3 million in 2023. A substantial portion of these assets likely constitutes an endowment. The endowment's size and investment performance would contribute significantly to the school's long-term financial stability and ability to fund operations and programs, though specific endowment figures are not in the summary data.
Filing History
IRS 990 filing history for Pennington School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pennington School's revenue has grown by 88.7%, moving from $20.1M to $38.0M. Total assets increased by 76.8% over the same period, from $52.2M to $92.4M. Total functional expenses rose by 97%, from $18.7M to $36.9M. In its most recent filing year (2023), Pennington School reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $21.9M in liabilities against $92.4M in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $70.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.0M | $36.9M | $92.4M | $21.9M | — | — |
| 2022 | $40.9M | $34.2M | $90.1M | $22.2M | — | View 990 |
| 2021 | $33.4M | $31.2M | $95.1M | $23.0M | — | View 990 |
| 2020 | $31.0M | $30.2M | $85.8M | $24.4M | — | View 990 |
| 2019 | $31.8M | $29.8M | $86.7M | $23.5M | — | View 990 |
| 2018 | $30.7M | $28.5M | $86.3M | $22.9M | — | View 990 |
| 2017 | $30.8M | $26.5M | $86.4M | $24.8M | — | View 990 |
| 2016 | $25.7M | $23.8M | $79.7M | $25.2M | — | View 990 |
| 2015 | $27.4M | $22.0M | $74.5M | $19.0M | — | View 990 |
| 2014 | $27.2M | $21.3M | $67.2M | $13.5M | — | View 990 |
| 2013 | $25.1M | $20.1M | $57.5M | $12.3M | — | View 990 |
| 2012 | $19.9M | $19.7M | $51.4M | $12.9M | — | View 990 |
| 2011 | $20.1M | $18.7M | $52.2M | $12.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.0M, expenses of $36.9M, and assets of $92.4M (revenue -7.1% year-over-year).
- 2022: Revenue of $40.9M, expenses of $34.2M, and assets of $90.1M (revenue +22.5% year-over-year).
- 2021: Revenue of $33.4M, expenses of $31.2M, and assets of $95.1M (revenue +7.6% year-over-year).
- 2020: Revenue of $31.0M, expenses of $30.2M, and assets of $85.8M (revenue -2.6% year-over-year).
- 2019: Revenue of $31.8M, expenses of $29.8M, and assets of $86.7M (revenue +3.8% year-over-year).
- 2018: Revenue of $30.7M, expenses of $28.5M, and assets of $86.3M (revenue -0.5% year-over-year).
- 2017: Revenue of $30.8M, expenses of $26.5M, and assets of $86.4M (revenue +20.0% year-over-year).
- 2016: Revenue of $25.7M, expenses of $23.8M, and assets of $79.7M (revenue -6.2% year-over-year).
- 2015: Revenue of $27.4M, expenses of $22.0M, and assets of $74.5M (revenue +0.6% year-over-year).
- 2014: Revenue of $27.2M, expenses of $21.3M, and assets of $67.2M (revenue +8.4% year-over-year).
- 2013: Revenue of $25.1M, expenses of $20.1M, and assets of $57.5M (revenue +25.9% year-over-year).
- 2012: Revenue of $19.9M, expenses of $19.7M, and assets of $51.4M (revenue -1.0% year-over-year).
- 2011: Revenue of $20.1M, expenses of $18.7M, and assets of $52.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennington School:
Data Sources and Methodology
This transparency report for Pennington 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.