SPECTRUM 360 A NEW JERSEY NONPROFIT CORPORATION
Mission Statement
For more than 50 years, The Children's Institute has been developing the academic, social, behavioral, communication, life and career skills of children, adolescents, and young adults with autism and related disabilities. The children have the same learning and activities and experiences that are provided to typical students in local schools with all the 21st century technology, supports and accommodations that they need to succeed. At the Children's Institute, They teach the whole child so that students can discover and develop their own unique abilities and talents. They promote self determination in each child so that they may become independent and productive members of the community.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.6% | 84.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.4% | 13.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.0% | 0.7% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
62.0% | 631.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.7 mo | 10.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
68.3% | 34.2% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.1% | 87.3% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
10.5% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.1% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.5% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $36.4M | $35.8M | $11.1M | 89.6% | 547 |
| 2022 | $32.9M | $32.8M | $10.3M | 90.6% | 521 |
| 2021 | $33.5M | $32.4M | N/A | — | 474 |
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