Carolina Christian College Inc

Analysis

Carolina Christian College Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 1954, 72 years ago. 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, Carolina Christian College Inc reported income of $773k and spending of $902k, spending 117% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $768k to $773k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolina Christian College Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Promise Amimal League ($772k), Community & Youth Involved Inc ($773k) and Bangor Area Comprehensive Transportation System ($772k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $59k (6.5% of expenses). Other salaries and wages came to $142k. At year end it held assets of $1.9m against liabilities of $1.2m, net assets of $720k. It reported 19 employees.