The Carmel School

Analysis

The Carmel School is a registered charity in United States, based in Ruther Glen, VA. It received its IRS tax-exemption ruling in May 2000, 26 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 2024, The Carmel School reported income of $4.5m and spending of $5.1m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $9.1m to $4.5m (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Carmel School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Academy for Advanced & Creative Learning ($4.5m), Allegro Charter School of Music ($4.5m) and Coalition for Osteopathic Excellence ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $108k (2.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $14.3m against liabilities of $508k, net assets of $13.8m. It reported 96 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.