Princeton Adult School
Princeton Adult School: Consistent Program Delivery with Modest Reserves
EIN: 221924079 · Princeton, NJ · NTEE: B60Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $710K |
| Total Expenses | $486K |
| Program Spending | 85% |
| Net Assets | $640K |
| Transparency Score | 75/100 |
Is Princeton Adult School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Princeton Adult School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Princeton Adult School
Princeton Adult School (EIN: 221924079) is a nonprofit organization based in Princeton, NJ, classified under NTEE code B60Z. The organization reported total revenue of $710K and total assets of $760K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Princeton Adult School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Princeton Adult School is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $514K |
| Total Expenses | $486K |
| Surplus / Deficit | +$28K |
| Total Assets | $658K |
| Total Liabilities | $18K |
| Net Assets | $640K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Princeton Adult School reported a surplus of $28K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Princeton Adult School's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +12.8% | +8.7% |
| 2022 | -14.1% | +9.0% | -9.6% |
| 2021 | +23.5% | -5.1% | +55.2% |
| 2020 | -18.6% | -16.8% | +12.2% |
| 2019 | +29.3% | +14.7% | -15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 Princeton Adult School with a Mission Score of 75 out of 100 (Good). 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, Princeton Adult 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 $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely modest and appropriate for a local adult education program.
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 Princeton Adult School:
- Consistent revenue generation over several years, averaging around $450,000-$500,000 annually.
- Healthy asset base, consistently exceeding liabilities, indicating financial stability.
- Low fundraising costs, suggesting efficient use of resources for program delivery.
Frequently Asked Questions about Princeton Adult School
Is Princeton Adult School a legitimate charity?
Princeton Adult School (EIN: 221924079) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $710K. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Princeton Adult School spend its money?
Princeton Adult School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Princeton Adult School tax-deductible?
Princeton Adult School is registered as a tax-exempt nonprofit (EIN: 221924079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Princeton Adult School's spending goes to programs?
Princeton Adult School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Princeton Adult School compare to similar nonprofits?
With a transparency score of 75/100 (Good), Princeton Adult School is above average for NTEE category B60Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Princeton Adult School located?
Princeton Adult School is headquartered in Princeton, New Jersey and files with the IRS under EIN 221924079. It is classified under NTEE code B60Z.
How many years of IRS 990 filings does Princeton Adult School have?
Princeton Adult 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 $710K in total revenue.
What does Princeton Adult School do?
Princeton Adult School is a nonprofit organization in the Education sector, located in Princeton, New Jersey. It is classified under NTEE code B60Z.
How much revenue does Princeton Adult School have?
Princeton Adult School reported total revenue of $710,221. Based on 13 IRS 990 filings on record.
What are Princeton Adult School's total assets?
Princeton Adult School holds total assets of $759,866 as reported in IRS 990 filings.
Where is Princeton Adult School located?
Princeton Adult School is based in Princeton, New Jersey.
What is Princeton Adult School's EIN?
Princeton Adult School's Employer Identification Number (EIN) is 221924079. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Princeton Adult School?
Princeton Adult School is classified under NTEE code B60Z (Education).
Is Princeton Adult School a registered 501(c)(3)?
Yes, Princeton Adult School is recognized as a tax-exempt organization by the IRS. EIN: 221924079.
Does Princeton Adult School file IRS Form 990?
Yes, Princeton Adult School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Princeton Adult School's revenue in 2023?
In the 202306 filing period, Princeton Adult School reported total revenue of $514,344, total expenses of $486,254, and net assets of $657,933.
Is Princeton Adult School's revenue growing or declining?
Princeton Adult School's revenue is growing. Revenue went from $460,389 (202206) to $514,344 (202306), a +11.7% change. Based on 13 filings on record.
What is Princeton Adult School's most recent 990 filing?
The most recent IRS Form 990 filing for Princeton Adult School covers tax period 202306. It shows revenue of $514,344, expenses of $486,254, total assets of $657,933, and liabilities of $17,688.
How much does Princeton Adult School spend on programs vs administration?
Based on IRS 990 analysis, Princeton Adult School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Princeton Adult School a trustworthy charity?
Based on AI analysis of IRS 990 data, Princeton Adult School appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Princeton Adult School's strengths?
Positive indicators for Princeton Adult School include: Consistent revenue generation over several years, averaging around $450,000-$500,000 annually.. Healthy asset base, consistently exceeding liabilities, indicating financial stability.. Low fundraising costs, suggesting efficient use of resources for program delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Princeton Adult School compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely modest and appropriate for a local adult education program. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain a relatively stable asset base despite fluctuations in annual revenue and expenses?
The organization appears to manage its expenses effectively, often keeping them below or close to revenue, and has accumulated a modest reserve. For example, in 2023, with revenue of $514,344 and expenses of $486,254, assets still grew to $657,933, demonstrating prudent financial management.
What is the primary source of revenue for the Princeton Adult School, and how diversified is it?
While specific revenue sources aren't detailed in the provided data, the consistent revenue figures suggest a stable base, likely from tuition fees for adult education courses and potentially local grants or community support. The lack of significant fluctuations implies a somewhat diversified or very stable core offering.
Filing History
IRS 990 filing history for Princeton Adult School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Princeton Adult School's revenue has grown by 22.3%, moving from $421K to $514K. Total assets increased by 70.3% over the same period, from $386K to $658K. Total functional expenses rose by 18.2%, from $411K to $486K. In its most recent filing year (2023), Princeton Adult School reported a surplus of $28K, with revenue exceeding expenses. The organization holds $18K in liabilities against $658K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $640K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $514K | $486K | $658K | $18K | — | — |
| 2022 | $460K | $431K | $605K | $27K | — | View 990 |
| 2021 | $536K | $395K | $669K | $20K | — | View 990 |
| 2020 | $434K | $416K | $431K | $33K | — | View 990 |
| 2019 | $533K | $501K | $384K | $12K | — | View 990 |
| 2018 | $412K | $437K | $454K | $63K | — | View 990 |
| 2017 | $481K | $481K | $394K | $15K | — | View 990 |
| 2016 | $438K | $509K | $447K | $74K | — | View 990 |
| 2015 | $480K | $445K | $508K | $66K | — | View 990 |
| 2014 | $528K | $476K | $467K | $20K | — | View 990 |
| 2013 | $424K | $425K | $371K | $12K | — | View 990 |
| 2012 | $431K | $436K | $391K | $24K | — | View 990 |
| 2011 | $421K | $411K | $386K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $514K, expenses of $486K, and assets of $658K (revenue +11.7% year-over-year).
- 2022: Revenue of $460K, expenses of $431K, and assets of $605K (revenue -14.1% year-over-year).
- 2021: Revenue of $536K, expenses of $395K, and assets of $669K (revenue +23.5% year-over-year).
- 2020: Revenue of $434K, expenses of $416K, and assets of $431K (revenue -18.6% year-over-year).
- 2019: Revenue of $533K, expenses of $501K, and assets of $384K (revenue +29.3% year-over-year).
- 2018: Revenue of $412K, expenses of $437K, and assets of $454K (revenue -14.3% year-over-year).
- 2017: Revenue of $481K, expenses of $481K, and assets of $394K (revenue +9.7% year-over-year).
- 2016: Revenue of $438K, expenses of $509K, and assets of $447K (revenue -8.8% year-over-year).
- 2015: Revenue of $480K, expenses of $445K, and assets of $508K (revenue -8.9% year-over-year).
- 2014: Revenue of $528K, expenses of $476K, and assets of $467K (revenue +24.6% year-over-year).
- 2013: Revenue of $424K, expenses of $425K, and assets of $371K (revenue -1.8% year-over-year).
- 2012: Revenue of $431K, expenses of $436K, and assets of $391K (revenue +2.5% year-over-year).
- 2011: Revenue of $421K, expenses of $411K, and assets of $386K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Princeton Adult School:
Data Sources and Methodology
This transparency report for Princeton Adult 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.