Carter Memorial Nursery School Inc

Analysis

Carter Memorial Nursery School Inc is a registered charity in United States, based in Needham HGTS, MA. It received its IRS tax-exemption ruling in March 1992, 34 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, Carter Memorial Nursery School Inc reported income of $258k and spending of $290k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $281k to $258k (-8.1%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carter Memorial Nursery School Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Main Street Steamboat Springs Inc ($258k), Peace & Harmony Foundation Inc ($258k) and Bva Marching Band Boosters Inc ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $64k (22% of expenses). Other salaries and wages came to $139k. At year end it held assets of $349k against liabilities of $16k, net assets of $333k. It reported 7 employees.