The Carey School

Analysis

The Carey School is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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, The Carey School reported income of $12.1m and spending of $11.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $12.1m (+6.8%), an average of +1.7% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Carey School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include L I F E Inc ($12.1m), Centro Cultural de Condado de Washington ($12.1m) and Childrens Hope Foster Family Agency ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $628k (5.3% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $32.3m against liabilities of $9.8m, net assets of $22.5m. It reported 95 employees.