Princeton Friends School
Princeton Friends School: Strong Financials, Consistent Mission
EIN: 222790041 · Princeton, NJ · NTEE: B240 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $5.3M |
| Program Spending | 85% |
| Net Assets | $8.5M |
| Transparency Score | 85/100 |
Is Princeton Friends School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Princeton Friends School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Princeton Friends School
Princeton Friends School (EIN: 222790041) is a nonprofit organization based in Princeton, NJ, classified under NTEE code B240. The organization reported total revenue of $4.5M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Princeton Friends School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Princeton Friends School is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-783,376 |
| Total Assets | $9.5M |
| Total Liabilities | $1.0M |
| Net Assets | $8.5M |
| Operating Margin | -17.5% |
| Debt-to-Asset Ratio | 10.7% |
| Months of Reserves | 21.7 months |
Financial Health Grade: B
In 2023, Princeton Friends School reported a deficit of $783K with expenses exceeding revenue, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Princeton Friends School's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | +6.9% | -3.5% |
| 2022 | +31.8% | +22.1% | -14.1% |
| 2021 | -3.6% | -5.8% | +10.2% |
| 2020 | -6.7% | -3.3% | -6.6% |
| 2019 | -2.6% | -4.9% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Friends 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, Princeton Friends 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 $783K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in the financial filings suggests no reported compensation for key employees, which is unusual for an organization of this size.
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 Princeton Friends School's IRS 990 filings:
- The 'c0%' for compensation across all years is highly unusual and may indicate a reporting anomaly or that key personnel are compensated through other means not reflected in this specific field.
Strengths
The following positive indicators were identified for Princeton Friends School:
- Consistent revenue generation over several years, with total revenue exceeding expenses in most periods.
- Healthy asset base, consistently above $9 million, indicating financial stability.
- Low liability-to-asset ratio, suggesting strong financial health and limited debt.
Frequently Asked Questions about Princeton Friends School
Is Princeton Friends School a legitimate charity?
Princeton Friends School (EIN: 222790041) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.5M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Princeton Friends School spend its money?
Princeton Friends School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Princeton Friends School tax-deductible?
Princeton Friends School is registered as a tax-exempt nonprofit (EIN: 222790041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Princeton Friends School's spending goes to programs?
Princeton Friends School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Princeton Friends School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Princeton Friends School is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Princeton Friends School located?
Princeton Friends School is headquartered in Princeton, New Jersey and files with the IRS under EIN 222790041. It is classified under NTEE code B240.
How many years of IRS 990 filings does Princeton Friends School have?
Princeton Friends 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 $4.5M in total revenue.
What does Princeton Friends School do?
Princeton Friends School is a nonprofit organization in the Education sector, located in Princeton, New Jersey. It is classified under NTEE code B240.
How much revenue does Princeton Friends School have?
Princeton Friends School reported total revenue of $4,462,456. Based on 13 IRS 990 filings on record.
What are Princeton Friends School's total assets?
Princeton Friends School holds total assets of $9,169,403 as reported in IRS 990 filings.
Where is Princeton Friends School located?
Princeton Friends School is based in Princeton, New Jersey.
What is Princeton Friends School's EIN?
Princeton Friends School's Employer Identification Number (EIN) is 222790041. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Princeton Friends School?
Princeton Friends School is classified under NTEE code B240 (Education).
Is Princeton Friends School a registered 501(c)(3)?
Yes, Princeton Friends School is recognized as a tax-exempt organization by the IRS. EIN: 222790041.
Does Princeton Friends School file IRS Form 990?
Yes, Princeton Friends School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Princeton Friends School's revenue in 2023?
In the 202306 filing period, Princeton Friends School reported total revenue of $4,470,011, total expenses of $5,253,387, and net assets of $9,508,094.
Is Princeton Friends School's revenue growing or declining?
Princeton Friends School's revenue is declining. Revenue went from $4,722,240 (202206) to $4,470,011 (202306), a -5.3% change. Based on 13 filings on record.
What is Princeton Friends School's most recent 990 filing?
The most recent IRS Form 990 filing for Princeton Friends School covers tax period 202306. It shows revenue of $4,470,011, expenses of $5,253,387, total assets of $9,508,094, and liabilities of $1,018,430.
How much does Princeton Friends School spend on programs vs administration?
Based on IRS 990 analysis, Princeton Friends School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Princeton Friends School a trustworthy charity?
Based on AI analysis of IRS 990 data, Princeton Friends School appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Princeton Friends School?
The following concerns were identified: The 'c0%' for compensation across all years is highly unusual and may indicate a reporting anomaly or that key personnel are compensated through other means not reflected in this specific field.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Princeton Friends School's strengths?
Positive indicators for Princeton Friends School include: Consistent revenue generation over several years, with total revenue exceeding expenses in most periods.. Healthy asset base, consistently above $9 million, indicating financial stability.. Low liability-to-asset ratio, suggesting strong financial health and limited debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Princeton Friends School compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in the financial filings suggests no reported compensation for key employees, which is unusual for an organization of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation, how are key leadership roles at Princeton Friends School compensated, and is this fully transparent in public filings?
The consistent 'c0%' for compensation across all years in the provided data is highly unusual for an organization of this size. It suggests that either key personnel are volunteers, compensated through a related entity, or their compensation is not being reported in the expected field. Further investigation into the full Form 990s would be needed to understand the true compensation structure and ensure full transparency.
Filing History
IRS 990 filing history for Princeton Friends School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Princeton Friends School's revenue has grown by 15.1%, moving from $3.9M to $4.5M. Total assets increased by 34.1% over the same period, from $7.1M to $9.5M. Total functional expenses rose by 32.4%, from $4.0M to $5.3M. In its most recent filing year (2023), Princeton Friends School reported a deficit of $783K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $9.5M in assets (debt-to-asset ratio: 10.7%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $5.3M | $9.5M | $1.0M | — | View 990 |
| 2022 | $4.7M | $4.9M | $9.9M | $863K | — | View 990 |
| 2021 | $3.6M | $4.0M | $11.5M | $1.3M | — | View 990 |
| 2020 | $3.7M | $4.3M | $10.4M | $954K | — | View 990 |
| 2019 | $4.0M | $4.4M | $11.2M | $1.1M | — | View 990 |
| 2018 | $4.1M | $4.6M | $11.7M | $1.3M | — | View 990 |
| 2017 | $5.7M | $4.4M | $11.9M | $1.2M | — | View 990 |
| 2016 | $4.6M | $4.6M | $10.2M | $986K | — | View 990 |
| 2015 | $5.9M | $4.5M | $10.3M | $1.0M | — | View 990 |
| 2014 | $4.5M | $4.4M | $9.0M | $974K | — | View 990 |
| 2013 | $6.1M | $4.3M | $8.7M | $924K | — | View 990 |
| 2012 | $4.1M | $4.1M | $6.7M | $870K | — | View 990 |
| 2011 | $3.9M | $4.0M | $7.1M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $5.3M, and assets of $9.5M (revenue -5.3% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.9M, and assets of $9.9M (revenue +31.8% year-over-year).
- 2021: Revenue of $3.6M, expenses of $4.0M, and assets of $11.5M (revenue -3.6% year-over-year).
- 2020: Revenue of $3.7M, expenses of $4.3M, and assets of $10.4M (revenue -6.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $4.4M, and assets of $11.2M (revenue -2.6% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.6M, and assets of $11.7M (revenue -27.8% year-over-year).
- 2017: Revenue of $5.7M, expenses of $4.4M, and assets of $11.9M (revenue +22.2% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.6M, and assets of $10.2M (revenue -20.9% year-over-year).
- 2015: Revenue of $5.9M, expenses of $4.5M, and assets of $10.3M (revenue +31.3% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.4M, and assets of $9.0M (revenue -27.1% year-over-year).
- 2013: Revenue of $6.1M, expenses of $4.3M, and assets of $8.7M (revenue +48.2% year-over-year).
- 2012: Revenue of $4.1M, expenses of $4.1M, and assets of $6.7M (revenue +6.2% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.0M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Princeton Friends School:
Data Sources and Methodology
This transparency report for Princeton Friends 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.