Mother Caroline Academy and Education Center

Analysis

Mother Caroline Academy and Education Center is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Mother Caroline Academy and Education Center reported income of $2.1m and spending of $2.4m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.1m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mother Caroline Academy and Education Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Vannie E Cook Jr Cancer Foundation Inc ($2.1m), MCC Resource Center Inc ($2.1m) and Billings Community Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $175k (7.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.5m against liabilities of $165k, net assets of $13.4m. It reported 23 employees.