Carousel Day Service Center of Crossett Inc

Analysis

Carousel Day Service Center of Crossett Inc is a registered charity in United States, based in Crossett, AR. It received its IRS tax-exemption ruling in September 2001, 25 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, Carousel Day Service Center of Crossett Inc reported income of $693k and spending of $697k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $394k to $693k (+76%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carousel Day Service Center of Crossett Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within AR. Charities of a similar size with the same main cause include Sharron Millers Academy for the Performing Arts Inc ($693k), Centro de Estudiante Y Maestro Investigador Corp ($693k) and Cuttingedge Learning Academy Inc ($693k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $147k (21% of expenses). Other salaries and wages came to $316k. At year end it held assets of $560k against liabilities of $25k, net assets of $535k. It reported 19 employees.