Carroll School Corp

Analysis

Carroll School Corp is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in June 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carroll School Corp reported income of $35.7m and spending of $29.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.7m to $35.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carroll School Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Discovery Education Services Inc ($35.7m), Michigan State University Foundation ($35.7m) and Christ Church Episcopal School ($35.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $920k (3.1% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $84.1m against liabilities of $13.0m, net assets of $71.0m. It reported 325 employees.