Cary Christian School Inc

Analysis

Cary Christian School Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in September 1997, 29 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, Cary Christian School Inc reported income of $8.1m and spending of $7.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.1m (+22%), an average of +5.1% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cary Christian School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Learning Independence for Tomorrow Incorporated ($8.1m), Kansas University Alumni Association ($8.1m) and Larkin University Corp ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $299k (3.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $18.5m against liabilities of $8.8m, net assets of $9.7m. It reported 163 employees.