Carmel High School Ovation Inc

Analysis

Carmel High School Ovation Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in June 2001, 25 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 June 2024, Carmel High School Ovation Inc reported income of $435k and spending of $431k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $410k to $435k (+6.2%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carmel High School Ovation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include International Center for Captive Insurance Education Inc ($435k), River Restoration Northwest Inc ($435k) and Texas Choral Directors Association ($435k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $24k (5.5% of expenses). At year end it held assets of $156k against liabilities of $71k, net assets of $84k.