Central Park School for Children

Analysis

Central Park School for Children is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 2002, 24 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, Central Park School for Children reported income of $8.4m and spending of $8.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $8.4m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Park School for Children sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Venture Academy ($8.4m), SSS Education Foundation ($8.4m) and Central Catholic Development Foundation ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $9.0m against liabilities of $14.8m, net assets of -$5.8m. It reported 141 employees.