Caroline University

Analysis

Caroline University is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Caroline University reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $691k to $1.5m (+114%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Caroline University sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Servant Group International ($1.5m), International Mahavira Jain Mission ($1.5m) and The Experience Ministry Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Other salaries and wages came to $27k. At year end it held assets of $652k against liabilities of $29k, net assets of $623k. It reported 2 employees.