Carbondale New School

Analysis

Carbondale New School is a registered charity in United States, based in Carbondale, IL. It received its IRS tax-exemption ruling in September 1974, 52 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, Carbondale New School reported income of $176k and spending of $193k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $262k to $176k (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carbondale New School sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Masonry Industry Training Assoc ($176k), Fashion Foundation ($176k) and Huhs Scholarship Foundation Inc ($176k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $37k against liabilities of $39k, net assets of -$1,470.