Carolina Christian School Of Locust North Carolina Inc
EIN: 851047292 · Locust, NC · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.6M |
| Net Assets | $925K |
Is Carolina Christian School Of Locust North Carolina Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carolina Christian School Of Locust North Carolina Inc
Carolina Christian School Of Locust North Carolina Inc (EIN: 851047292) is a nonprofit organization based in Locust, NC, classified under NTEE code B20. The organization reported total revenue of $2.8M and total assets of $737K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Christian School Of Locust North Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Christian School Of Locust North Carolina Inc is a mid-size nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2021–2024). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$610K |
| Total Assets | $1.4M |
| Total Liabilities | $440K |
| Net Assets | $925K |
| Operating Margin | 19.0% |
| Debt-to-Asset Ratio | 32.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2024, Carolina Christian School Of Locust North Carolina Inc reported a surplus of $610K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 32.2% (moderate leverage).
Financial Trends
Over 4 years of filings (2021–2024), Carolina Christian School Of Locust North Carolina Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +33.3% | +11.7% | +67.6% |
| 2023 | +10.4% | +11.5% | -51.6% |
| 2022 | +31.9% | +42.1% | +202.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carolina Christian School Of Locust North Carolina Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carolina Christian School Of Locust North Carolina Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $610K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.2%.
Frequently Asked Questions about Carolina Christian School Of Locust North Carolina Inc
Is Carolina Christian School Of Locust North Carolina Inc a legitimate charity?
Carolina Christian School Of Locust North Carolina Inc (EIN: 851047292) is a registered tax-exempt nonprofit based in North Carolina. It has 4 years of IRS 990 filings on record. Total revenue: $2.8M. No red flags identified. Financial health grade: A.
How does Carolina Christian School Of Locust North Carolina Inc spend its money?
Carolina Christian School Of Locust North Carolina Inc reported $2.8M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carolina Christian School Of Locust North Carolina Inc tax-deductible?
Carolina Christian School Of Locust North Carolina Inc is registered as a tax-exempt nonprofit (EIN: 851047292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carolina Christian School Of Locust North Carolina Inc located?
Carolina Christian School Of Locust North Carolina Inc is headquartered in Locust, North Carolina and files with the IRS under EIN 851047292. It is classified under NTEE code B20.
How many years of IRS 990 filings does Carolina Christian School Of Locust North Carolina Inc have?
Carolina Christian School Of Locust North Carolina Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.8M in total revenue.
Filing History
IRS 990 filing history for Carolina Christian School Of Locust North Carolina Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2021–2024), Carolina Christian School Of Locust North Carolina Inc's revenue has grown by 94.2%, moving from $1.7M to $3.2M. Total assets increased by 145.1% over the same period, from $557K to $1.4M. Total functional expenses rose by 76.9%, from $1.5M to $2.6M. In its most recent filing year (2024), Carolina Christian School Of Locust North Carolina Inc reported a surplus of $610K, with revenue exceeding expenses. The organization holds $440K in liabilities against $1.4M in assets (debt-to-asset ratio: 32.2%), resulting in net assets of $925K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.2M | $2.6M | $1.4M | $440K | — | — |
| 2023 | $2.4M | $2.3M | $814K | $499K | — | View 990 |
| 2022 | $2.2M | $2.1M | $1.7M | $1.4M | — | View 990 |
| 2021 | $1.7M | $1.5M | $557K | $374K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $3.2M, expenses of $2.6M, and assets of $1.4M (revenue +33.3% year-over-year).
- 2023: Revenue of $2.4M, expenses of $2.3M, and assets of $814K (revenue +10.4% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $1.7M (revenue +31.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.5M, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Christian School Of Locust North Carolina Inc:
Data Sources and Methodology
This transparency report for Carolina Christian School Of Locust North Carolina Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.