Education (B02) IRS Verified DX Registered 990 on File

ILEARN SCHOOLS INC

EIN: 47-3603519 · FAIR LAWN, NJ 07410-4603 · United States · FY 2023 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 83/100

Reliability (20%) 50/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

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

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Mission Statement

iLearn Schools is a 501 C(3) nonprofit charter school organization that provides high quality STEAM-based education in a digital learning environment. Students are empowered to meet and surpass grade level standards, and to succeed in college, careers, and life. iLearn Schools has twelve (12) campuses in three (3) counties throughout Northern New Jersey with over 4000 students. Our campuses are located in the following towns: Hackensack, Garfield, Passaic, Clifton, Kearny, Paterson and Jersey City. According to the newly released NJ Department of Education 2015-2016 Charter Schools Performance Framework-Tier Ranking report cards, ALL iLearn Schools received Tier 1 Ranking – the highest rank that a school can possibly achieve.

Financial Overview — FY 2023

$12.6M

Total Revenue

$8.9M

Total Expenses

$13.2M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 69.0%

Fundraising Efficiency N/A

Operating Reserve 17.87x

Liability-to-Asset 24.1%

Revenue Diversification 83.6%

Executive Compensation $608K

Compared with Peers

FY 2023

Compared with 11,231 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	69.0%	84.5%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	30.9%	13.0%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.1%	0.0%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	17.9 mo	8.6 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	24.1%	23.0%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	83.6%	90.7%	P10P90	Above median
Revenue growth Year over year revenue growth	19.4%	7.5%	P10P90
Expense growth Year over year expense growth	24.0%	11.6%	P10P90
Surplus margin Surplus as a share of revenue	29.7%	3.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$12.6M	$8.9M	$13.2M	69.0%	65
2022	$10.6M	$7.2M	$9.5M	68.1%	68
2021	$8.7M	$6.2M	N/A	—	54

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Organization Details

EIN: 47-3603519
State: NJ
City: FAIR LAWN
ZIP: 07410-4603
Classification: B02
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 16
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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