Rutgers Preparatory School
Rutgers Preparatory School: Strong Financials, High Program Spending
EIN: 221607926 · Somerset, NJ · NTEE: B200 · Updated: 2026-04-04
About Rutgers Preparatory School
Rutgers Preparatory School (EIN: 221607926) is a nonprofit organization based in Somerset, NJ, classified under NTEE code B200. The organization reported total revenue of $37.4M and total assets of $67.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rutgers Preparatory School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rutgers Preparatory 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: 6%
- programs: 89%
- fundraising: 5%
According to IRS 990 filings, Rutgers Preparatory School allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% for compensation from unrelated organizations, suggesting direct compensation details would be found within the full Form 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.
Strengths
The following positive indicators were identified for Rutgers Preparatory School:
- Consistent revenue growth over the past several years, from $24.1M in 2016 to $33.4M in 2023.
- Healthy asset growth, increasing from $49.7M in 2016 to $62.0M in 2023.
- Strong program spending, with expenses consistently around 89% of total expenses in recent years (e.g., $29.7M out of $33.4M in 2023).
- Positive net assets, indicating financial stability and sustainability.
Frequently Asked Questions about Rutgers Preparatory School
What does Rutgers Preparatory School do?
Rutgers Preparatory School is a nonprofit organization in the Education sector, located in Somerset, New Jersey. It is classified under NTEE code B200.
How much revenue does Rutgers Preparatory School have?
Rutgers Preparatory School reported total revenue of $37,423,537. Based on 13 IRS 990 filings on record.
What are Rutgers Preparatory School's total assets?
Rutgers Preparatory School holds total assets of $67,708,190 as reported in IRS 990 filings.
Where is Rutgers Preparatory School located?
Rutgers Preparatory School is based in Somerset, New Jersey.
What is Rutgers Preparatory School's EIN?
Rutgers Preparatory School's Employer Identification Number (EIN) is 221607926. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rutgers Preparatory School?
Rutgers Preparatory School is classified under NTEE code B200 (Education).
Is Rutgers Preparatory School a registered 501(c)(3)?
Yes, Rutgers Preparatory School is recognized as a tax-exempt organization by the IRS. EIN: 221607926.
Does Rutgers Preparatory School file IRS Form 990?
Yes, Rutgers Preparatory School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Rutgers Preparatory School's revenue in 2023?
In the 202306 filing period, Rutgers Preparatory School reported total revenue of $33,462,817, total expenses of $29,741,148, and net assets of $62,037,788.
Is Rutgers Preparatory School's revenue growing or declining?
Rutgers Preparatory School's revenue is growing. Revenue went from $30,642,354 (202206) to $33,462,817 (202306), a +9.2% change. Based on 13 filings on record.
What is Rutgers Preparatory School's most recent 990 filing?
The most recent IRS Form 990 filing for Rutgers Preparatory School covers tax period 202306. It shows revenue of $33,462,817, expenses of $29,741,148, total assets of $62,037,788, and liabilities of $8,840,201.
How much does Rutgers Preparatory School spend on programs vs administration?
Based on IRS 990 analysis, Rutgers Preparatory School allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rutgers Preparatory School a trustworthy charity?
Based on AI analysis of IRS 990 data, Rutgers Preparatory School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Rutgers Preparatory School's strengths?
Positive indicators for Rutgers Preparatory School include: Consistent revenue growth over the past several years, from $24.1M in 2016 to $33.4M in 2023.. Healthy asset growth, increasing from $49.7M in 2016 to $62.0M in 2023.. Strong program spending, with expenses consistently around 89% of total expenses in recent years (e.g., $29.7M out of $33.4M in 2023).. Positive net assets, indicating financial stability and sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does Rutgers Preparatory School compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% for compensation from unrelated organizations, suggesting direct compensation details would be found within the full Form 990. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the school manage to maintain such a high percentage of program spending while also growing its assets and revenue consistently?
The school's ability to maintain high program spending alongside asset and revenue growth suggests effective financial management, potentially through tuition fees, endowment returns, and efficient operational costs, allowing a significant portion of income to be reinvested directly into educational programs.
Filing History
IRS 990 filing history for Rutgers Preparatory School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rutgers Preparatory School's revenue has grown by 69%, moving from $19.8M to $33.5M. Total assets increased by 43.3% over the same period, from $43.3M to $62.0M. Total functional expenses rose by 61.3%, from $18.4M to $29.7M. In its most recent filing year (2023), Rutgers Preparatory School reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $8.8M in liabilities against $62.0M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $53.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $33.5M | $29.7M | $62.0M | $8.8M | — | — |
| 2022 | $30.6M | $27.9M | $57.5M | $7.8M | — | View 990 |
| 2021 | $29.7M | $25.2M | $58.3M | $7.6M | — | View 990 |
| 2020 | $26.2M | $25.7M | $50.6M | $8.6M | — | View 990 |
| 2019 | $25.3M | $24.9M | $47.8M | $6.7M | — | View 990 |
| 2018 | $25.1M | $24.6M | $46.8M | $6.8M | — | View 990 |
| 2017 | $25.6M | $25.1M | $47.8M | $8.5M | — | — |
| 2016 | $24.1M | $24.1M | $49.8M | $11.8M | — | View 990 |
| 2015 | $25.4M | $24.2M | $49.2M | $11.1M | — | View 990 |
| 2014 | $23.5M | $23.2M | $48.2M | $11.2M | — | View 990 |
| 2013 | $22.6M | $21.8M | $47.2M | $11.4M | — | View 990 |
| 2012 | $21.2M | $20.2M | $46.3M | $12.0M | — | View 990 |
| 2011 | $19.8M | $18.4M | $43.3M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33.5M, expenses of $29.7M, and assets of $62.0M (revenue +9.2% year-over-year).
- 2022: Revenue of $30.6M, expenses of $27.9M, and assets of $57.5M (revenue +3.3% year-over-year).
- 2021: Revenue of $29.7M, expenses of $25.2M, and assets of $58.3M (revenue +13.2% year-over-year).
- 2020: Revenue of $26.2M, expenses of $25.7M, and assets of $50.6M (revenue +3.4% year-over-year).
- 2019: Revenue of $25.3M, expenses of $24.9M, and assets of $47.8M (revenue +0.9% year-over-year).
- 2018: Revenue of $25.1M, expenses of $24.6M, and assets of $46.8M (revenue -1.7% year-over-year).
- 2017: Revenue of $25.6M, expenses of $25.1M, and assets of $47.8M (revenue +5.8% year-over-year).
- 2016: Revenue of $24.1M, expenses of $24.1M, and assets of $49.8M (revenue -4.9% year-over-year).
- 2015: Revenue of $25.4M, expenses of $24.2M, and assets of $49.2M (revenue +7.8% year-over-year).
- 2014: Revenue of $23.5M, expenses of $23.2M, and assets of $48.2M (revenue +4.2% year-over-year).
- 2013: Revenue of $22.6M, expenses of $21.8M, and assets of $47.2M (revenue +6.5% year-over-year).
- 2012: Revenue of $21.2M, expenses of $20.2M, and assets of $46.3M (revenue +7.2% year-over-year).
- 2011: Revenue of $19.8M, expenses of $18.4M, and assets of $43.3M.
Data Sources and Methodology
This transparency report for Rutgers Preparatory 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.