Robert G Carr & Nona K Carr Scholarship Foundation

Analysis

Robert G Carr & Nona K Carr Scholarship Foundation is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Robert G Carr & Nona K Carr Scholarship Foundation reported income of $8.5m and spending of $11.9m, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $65k to $8.5m (+13042%), an average of +239% a year. The sharpest change came in the year to August 2020, when income rose by 12341%. Over the whole period it spent 167% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Robert G Carr & Nona K Carr Scholarship Foundation 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 96th percentile within TX. Charities of a similar size with the same main cause include Breakthrough Montessori Public Charter School ($8.5m), Chandler Preparatory Academy ($8.5m) and Pueblo Nuevo Education and Development Group ($8.5m).

Compensation of current officers, directors and key employees was $104k (0.9% of expenses). Other salaries and wages came to $87k. At year end it held assets of $172.7m against liabilities of $681k, net assets of $172.0m. It reported 4 employees.