Carruth Center Inc

Analysis

Carruth Center Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2003, 23 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 July 2023, Carruth Center Inc reported income of $5.1m and spending of $4.8m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.5m to $5.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to July 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carruth Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include West Cleveland Drop Back in ($5.1m), Westchester Torah Academy ($5.1m) and Center for Creativity Innovation and Discovery ($5.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $113k (2.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $753k against liabilities of $44k, net assets of $709k. It reported 33 employees.