Carolina International Preparatory School

Analysis

Carolina International Preparatory School is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in March 2011, 15 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 2024, Carolina International Preparatory School reported income of $901k and spending of $931k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $901k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina International Preparatory School sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Fayette Alliance Foundation Inc ($901k), Grace in Action ($902k) and New Life Day School ($901k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $91k (9.7% of expenses). Other salaries and wages came to $463k. At year end it held assets of $1.8m against liabilities of $838k, net assets of $946k. It reported 34 employees.