Carlthorp School

Analysis

Carlthorp School is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Carlthorp School reported income of $14.1m and spending of $13.0m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $11.4m to $14.1m (+24%), an average of +5.5% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carlthorp School sits at the 95th percentile: it is larger than about 95% 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 US Ignite Inc ($14.1m), Nli USA Inc ($14.1m) and Community Learning Center Schools Inc ($14.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $881k (6.8% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $49.6m against liabilities of $9.6m, net assets of $40.1m. It reported 99 employees.