Carroll Education Foundation Inc

Analysis

Carroll Education Foundation Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carroll Education Foundation Inc reported income of $755k and spending of $748k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $593k to $755k (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 137% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carroll Education Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Montessori Academy at Spring Valley ($755k), Del Rio Academy ($755k) and Panama Union School District Parent Council ($755k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $57k. At year end it held assets of $639k against liabilities of $0, net assets of $639k. It reported 2 employees.