Carolina Charter Academy Inc

Analysis

Carolina Charter Academy Inc is a registered charity in United States, based in Angier, NC. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carolina Charter Academy Inc reported income of $8.7m and spending of $7.7m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $8.7m (+138%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina Charter Academy Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Northern Panhandle Head Start Inc ($8.7m), Benton Franklin Head Start Program ($8.7m) and Firestone Charter Academy ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 79% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $21.8m against liabilities of $20.1m, net assets of $1.7m. It reported 103 employees.