Carter Community Charter School Inc
Carter Community Charter School Inc. shows consistent surpluses and no reported officer compensation in recent years.
EIN: 202701540 · Durham, NC · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Carter Community Charter School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carter Community Charter School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carter Community Charter School Inc
Carter Community Charter School Inc (EIN: 202701540) is a nonprofit organization based in Durham, NC, classified under NTEE code B29. The organization reported total revenue of $3.1M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carter Community Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carter Community Charter School Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$394K |
| Total Assets | $3.2M |
| Total Liabilities | $2.0M |
| Net Assets | $1.2M |
| Operating Margin | 9.3% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2022, Carter Community Charter School Inc reported a surplus of $394K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Carter Community Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +43.3% | +32.6% | +21.3% |
| 2021 | +12.0% | +8.7% | -4.6% |
| 2020 | -7.0% | -3.7% | +21.7% |
| 2019 | +7.8% | +2.2% | -7.8% |
| 2018 | +0.5% | +6.5% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carter Community Charter School Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Carter Community Charter School Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $394K, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of its size with revenues exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carter Community Charter School Inc's IRS 990 filings:
- Significant increase in liabilities over the past decade, from $6,133 in 2013 to $1,969,494 in 2022.
Strengths
The following positive indicators were identified for Carter Community Charter School Inc:
- Consistent financial surpluses in recent years (e.g., $393,842 in 2022).
- No reported officer compensation across all available filings, indicating strong resource allocation to mission.
- Consistent growth in assets, reaching $3,186,967 in 2022.
- Long history of IRS 990 filings (12 filings), demonstrating transparency.
- Revenues consistently covering expenses in most recent periods.
Frequently Asked Questions about Carter Community Charter School Inc
Is Carter Community Charter School Inc a legitimate charity?
Carter Community Charter School Inc (EIN: 202701540) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Carter Community Charter School Inc spend its money?
Carter Community Charter School Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Carter Community Charter School Inc tax-deductible?
Carter Community Charter School Inc is registered as a tax-exempt nonprofit (EIN: 202701540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carter Community Charter School Inc CEO make?
Carter Community Charter School Inc's highest-compensated officer earns $3 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carter Community Charter School Inc's spending goes to programs?
Carter Community Charter School Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carter Community Charter School Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Carter Community Charter School Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carter Community Charter School Inc located?
Carter Community Charter School Inc is headquartered in Durham, North Carolina and files with the IRS under EIN 202701540. It is classified under NTEE code B29.
How many years of IRS 990 filings does Carter Community Charter School Inc have?
Carter Community Charter School Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
Is Carter Community Charter School Inc. financially stable?
Yes, the organization appears financially stable, consistently generating surpluses in recent years, such as $393,842 in 2022 and $59,185 in 2021, and growing its assets to $3,186,967 in 2022.
How efficiently does Carter Community Charter School Inc. spend its money?
The organization appears to spend very efficiently, with no reported officer compensation and the vast majority of expenses likely directed towards its educational programs, as is typical for a charter school.
What is the trend in the organization's assets and liabilities?
Assets have generally grown, reaching $3,186,967 in 2022 from $661,514 in 2013. Liabilities have also increased significantly, from $6,133 in 2013 to $1,969,494 in 2022, which should be monitored.
Filing History
IRS 990 filing history for Carter Community Charter School Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Carter Community Charter School Inc's revenue has grown by 75.6%, moving from $2.4M to $4.2M. Total assets increased by 390.1% over the same period, from $650K to $3.2M. Total functional expenses rose by 80.4%, from $2.1M to $3.8M. In its most recent filing year (2022), Carter Community Charter School Inc reported a surplus of $394K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $3.2M in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.2M | $3.8M | $3.2M | $2.0M | — | View 990 |
| 2021 | $3.0M | $2.9M | $2.6M | $1.8M | — | View 990 |
| 2020 | $2.6M | $2.7M | $2.8M | $2.0M | — | View 990 |
| 2019 | $2.8M | $2.8M | $2.3M | $1.5M | — | View 990 |
| 2018 | $2.6M | $2.7M | $2.5M | $1.8M | — | View 990 |
| 2017 | $2.6M | $2.5M | $2.7M | $1.9M | — | View 990 |
| 2016 | $2.7M | $3.0M | $2.3M | $1.7M | — | View 990 |
| 2015 | $2.9M | $2.8M | $2.6M | $1.6M | — | View 990 |
| 2014 | $2.7M | $2.6M | $2.3M | $1.5M | — | View 990 |
| 2013 | $2.6M | $2.7M | $662K | $6K | — | View 990 |
| 2012 | $2.5M | $2.5M | $701K | $27K | — | View 990 |
| 2011 | $2.4M | $2.1M | $650K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.2M, expenses of $3.8M, and assets of $3.2M (revenue +43.3% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.9M, and assets of $2.6M (revenue +12.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.7M, and assets of $2.8M (revenue -7.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $2.3M (revenue +7.8% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.7M, and assets of $2.5M (revenue +0.5% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.5M, and assets of $2.7M (revenue -3.4% year-over-year).
- 2016: Revenue of $2.7M, expenses of $3.0M, and assets of $2.3M (revenue -7.1% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.8M, and assets of $2.6M (revenue +6.6% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.6M, and assets of $2.3M (revenue +3.6% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.7M, and assets of $662K (revenue +4.3% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.5M, and assets of $701K (revenue +5.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.1M, and assets of $650K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carter Community Charter School Inc:
Data Sources and Methodology
This transparency report for Carter Community Charter School 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.