Berkeley-Carroll Street School

Analysis

Berkeley-Carroll Street School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1983, 43 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, Berkeley-Carroll Street School reported income of $61.4m and spending of $57.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.0m to $61.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berkeley-Carroll Street School sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Campanile Foundation ($61.4m), The Endowment Fund of the Phi Kappa Psi Fraternity ($61.6m) and Common Application Inc ($61.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.6m (4.5% of expenses). Other salaries and wages came to $24.5m. At year end it held assets of $96.6m against liabilities of $42.9m, net assets of $53.7m. It reported 512 employees.