Carolina Day School Inc

Analysis

Carolina Day School Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 1944, 82 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, Carolina Day School Inc reported income of $21.1m and spending of $20.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.8m to $21.1m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina Day School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Cristo Rey Philadelphia High School ($21.0m), Sugar Creek Charter School Inc ($21.1m) and Avant Garde Academy Foundation Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $337k (1.6% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $34.1m against liabilities of $6.8m, net assets of $27.3m. It reported 258 employees.