Central Park School for Children Foundation

Analysis

Central Park School for Children Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 Foundation reported income of $397k and spending of $860k, spending 217% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $98k to $397k (+304%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 398%. Over the whole period it spent 214% 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 Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include The Illuminators Educational Foundation ($397k), Penn Manor School District Education Foundation ($397k) and Friends of Baystate Academy Charter Public School Inc ($397k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 78% of the total. At year end it held assets of $11.7m against liabilities of $6.5m, net assets of $5.2m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.