Carolina Collaborative Preparatory

Analysis

Carolina Collaborative Preparatory is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carolina Collaborative Preparatory reported income of $658k and spending of $595k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $328k to $658k (+100%), an average of +100% a year. The sharpest change came in the year to June 2024, when income rose by 100%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina Collaborative Preparatory sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include South Central Power Company Foundation ($657k), Mississippi Early Learning Alliance Inc ($658k) and Miami Edtech Inc ($657k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $468k. At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 24 employees.