Wilberforce School Inc
Wilberforce School Inc. experiences significant asset growth and minor deficit in latest fiscal year after a decade of consistent revenue expansion.
EIN: 201961626 · Princeton, NJ · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.8M |
| Total Expenses | $9.4M |
| Program Spending | 80% |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is Wilberforce School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilberforce School Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilberforce School Inc
Wilberforce School Inc (EIN: 201961626) is a nonprofit organization based in Princeton, NJ, classified under NTEE code B20. The organization reported total revenue of $25.8M and total assets of $26.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilberforce School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilberforce School Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $9.4M |
| Surplus / Deficit | $-448,569 |
| Total Assets | $25.7M |
| Total Liabilities | $21.2M |
| Net Assets | $4.6M |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 82.2% |
| Months of Reserves | 32.7 months |
Financial Health Grade: C
In 2023, Wilberforce School Inc reported a deficit of $449K with expenses exceeding revenue, holds 32.7 months of operating reserves (strong position), has a debt-to-asset ratio of 82.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wilberforce School Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +18.4% | +163.3% |
| 2022 | +20.5% | +18.8% | +41.1% |
| 2021 | +32.9% | +5.0% | +52.9% |
| 2020 | +0.1% | +12.6% | +2.0% |
| 2019 | -0.9% | +9.9% | +40.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2006 |
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 Wilberforce School Inc 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: 80%
- fundraising: 10%
According to IRS 990 filings, Wilberforce School Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $449K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be uncompensated or compensated below IRS reporting thresholds, which is a positive indicator for resource allocation.
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 Wilberforce School Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 without clear explanation in provided data, potentially indicating substantial debt.
- Expenses exceeded revenue in the latest fiscal period (2023), leading to a deficit of $448,569.
Strengths
The following positive indicators were identified for Wilberforce School Inc:
- Consistent and strong revenue growth over the past decade, from $2,016,519 in 2014 to $8,998,935 in 2023.
- Substantial asset growth, indicating increasing financial capacity and stability, from $639,029 in 2014 to $25,720,322 in 2023.
- No reported officer compensation, suggesting efficient use of funds for programmatic activities.
- Generally managed expenses below revenue in most fiscal periods, demonstrating financial prudence.
Frequently Asked Questions about Wilberforce School Inc
Is Wilberforce School Inc a legitimate charity?
Wilberforce School Inc (EIN: 201961626) 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: $25.8M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Wilberforce School Inc spend its money?
Wilberforce School Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Wilberforce School Inc tax-deductible?
Wilberforce School Inc is registered as a tax-exempt nonprofit (EIN: 201961626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wilberforce School Inc's spending goes to programs?
Wilberforce School Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wilberforce School Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wilberforce School Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wilberforce School Inc located?
Wilberforce School Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 201961626. It is classified under NTEE code B20.
How many years of IRS 990 filings does Wilberforce School Inc have?
Wilberforce School Inc 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 $25.8M in total revenue.
What caused the significant increase in assets and liabilities between 2022 and 2023?
Between 2022 and 2023, assets increased from $9,769,358 to $25,720,322, and liabilities from $4,762,833 to $21,150,430. This substantial change likely indicates a major capital investment, such as property acquisition or construction, or significant debt financing for expansion.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that the organization's top executives may be volunteers, or their compensation falls below the IRS reporting threshold for individual officers, or it is covered by another entity. This practice can be viewed positively as it directs more funds towards the mission.
How does the organization plan to address the deficit incurred in the 2023 fiscal period?
In 2023, expenses exceeded revenue by $448,569. While not a large deficit relative to total revenue, understanding the cause (e.g., one-time expenses, investment in growth) and the plan to return to surplus is important for long-term financial stability.
Filing History
IRS 990 filing history for Wilberforce School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wilberforce School Inc's revenue has grown by 492.2%, moving from $1.5M to $9.0M. Total assets increased by 1841% over the same period, from $1.3M to $25.7M. Total functional expenses rose by 675.8%, from $1.2M to $9.4M. In its most recent filing year (2023), Wilberforce School Inc reported a deficit of $449K, with expenses exceeding revenue. The organization holds $21.2M in liabilities against $25.7M in assets (debt-to-asset ratio: 82.2%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $9.4M | $25.7M | $21.2M | — | — |
| 2022 | $10.1M | $8.0M | $9.8M | $4.8M | — | View 990 |
| 2021 | $8.4M | $6.7M | $6.9M | $3.5M | — | View 990 |
| 2020 | $6.3M | $6.4M | $4.5M | $2.4M | — | View 990 |
| 2019 | $6.3M | $5.7M | $4.4M | $1.9M | — | View 990 |
| 2018 | $6.3M | $5.2M | $3.2M | $1.3M | — | View 990 |
| 2017 | $5.7M | $4.7M | $2.0M | $1.2M | — | View 990 |
| 2016 | $4.0M | $4.1M | $1.2M | $1.4M | — | View 990 |
| 2015 | $3.4M | $3.5M | $902K | $1.1M | — | View 990 |
| 2014 | $2.0M | $2.5M | $639K | $744K | — | View 990 |
| 2013 | $1.7M | $1.9M | $961K | $595K | — | View 990 |
| 2012 | $1.5M | $1.7M | $1.0M | $457K | — | View 990 |
| 2011 | $1.5M | $1.2M | $1.3M | $522K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $9.4M, and assets of $25.7M (revenue -10.7% year-over-year).
- 2022: Revenue of $10.1M, expenses of $8.0M, and assets of $9.8M (revenue +20.5% year-over-year).
- 2021: Revenue of $8.4M, expenses of $6.7M, and assets of $6.9M (revenue +32.9% year-over-year).
- 2020: Revenue of $6.3M, expenses of $6.4M, and assets of $4.5M (revenue +0.1% year-over-year).
- 2019: Revenue of $6.3M, expenses of $5.7M, and assets of $4.4M (revenue -0.9% year-over-year).
- 2018: Revenue of $6.3M, expenses of $5.2M, and assets of $3.2M (revenue +11.6% year-over-year).
- 2017: Revenue of $5.7M, expenses of $4.7M, and assets of $2.0M (revenue +41.7% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.1M, and assets of $1.2M (revenue +18.1% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $902K (revenue +68.3% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.5M, and assets of $639K (revenue +21.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.9M, and assets of $961K (revenue +9.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.7M, and assets of $1.0M (revenue -0.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.2M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilberforce School Inc:
Data Sources and Methodology
This transparency report for Wilberforce School Inc 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.