Education (B240) IRS Verified DX Registered 990 on File

PRINCETON FRIENDS SCHOOL

EIN: 22-2790041 · PRINCETON, NJ 08540-4838 · United States · FY 2023 Data

3 out of 5 59 / 100 Based on one year of filings

Financial strength (30%) 93/100

Reliability (20%) 55/100

Effectiveness (25%) 93/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Princeton Friends School is committed to creating a diverse, vibrant learning community in which young people engage their natural curiosity; discover and express their individual voices and gifts; acquire intellectual, physical, artistic, and life skills; and develop a sense of responsibility for themselves and others. Princeton Friends both prepares students for the world that is and models possibilities for the society that these young people will one day help to create.

Financial Overview — FY 2023

$4.5M

Total Revenue

$5.3M

Total Expenses

$8.5M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 85.4%

Fundraising Efficiency N/A

Operating Reserve 19.39x

Liability-to-Asset 10.7%

Revenue Diversification 93.4%

Executive Compensation $160K

Compared with Peers

FY 2023

Compared with 11,226 similar organizations (United States, Education, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	85.4%	84.5%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	11.3%	13.0%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	3.3%	0.0%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	19.4 mo	8.6 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	10.7%	23.0%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	93.4%	90.7%	P10P90	Below median
Revenue growth Year over year revenue growth	-5.3%	7.5%	P10P90
Expense growth Year over year expense growth	6.9%	11.6%	P10P90
Surplus margin Surplus as a share of revenue	-17.5%	3.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$4.5M	$5.3M	$8.5M	85.4%	77
2022	$4.7M	$4.9M	N/A	—	80
2021	$3.6M	$4.0M	N/A	—	68

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Organization Details

EIN: 22-2790041
State: NJ
City: PRINCETON
ZIP: 08540-4838
Classification: B240
Category: Education
Rating: 3★
Coverage: B
Last Updated: Aug 2026
IRS Ruling Year: 1997
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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