Carol Nursery School

Analysis

Carol Nursery School is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in July 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Carol Nursery School reported income of $605k and spending of $468k, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $503k to $605k (+20%), an average of +4.7% a year. The sharpest change came in the year to July 2022, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carol Nursery School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Beavercreek Music Parents Assoc Inc ($605k), Punxsutawney Christian School ($605k) and Talmudical Academy of Norfolk Inc ($605k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.7% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $61k (13% of expenses). Other salaries and wages came to $228k. At year end it held assets of $676k against liabilities of $147k, net assets of $530k.