Carolina Friends School
Carolina Friends School reported $17.6 million in revenue and $18.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.14 went to program services, $9.23 to management and general costs and $2.63 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.2% of the total. The highest compensation it reported for one person was $283,058 (HEAD OF SCHOOL). 2 people received more than $100,000 in reportable compensation. Revenue rose 27% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $19MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.26 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 10.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 83.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $283,058 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.53% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 17 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProvide education to students from preschool (3 years old) through upper school (12th grade). At Carolina Friends School, learning is dynamic, experiential, and interactive. Students encounter open-ended questions, undertake original projects of real relevance, explore the natural world, and immerse themselves in service learning. In doing so, they build impressive powers of critical, creative, and independent thinking and expression. It is exceptional education shaped by a clear set of beliefs, a commitment to quaker values, a love of children, and a sense of hope for the communities, local…
Auxiliary services for Carolina Friends School include after-school care, summer programs, and enrichment programs. In addition to auxiliary services, expenses include those supporting sports programs, library services, and supporting learning needs. After-school care is offered in the lower and middle schools until 5:45 pm each school day. Our summer programs offer a variety of weekly camps to the community. The camps are extremely successful and provide an outreach to a wide variety of families in the area. There were approximately 1,114 students involved in auxiliary activities in school…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 40.00 hrs/week | $257,501 | $0 | $25,557 | $283,058 |
| ASSISTANT HEAD OF SCHOOL LEARNING Officer, 40.00 hrs/week | $129,086 | $0 | $20,914 | $150,000 |
| DIRECTOR OF FINANCE Officer, 40.00 hrs/week | $85,899 | $0 | $7,955 | $93,854 |
2 people received more than $100,000 in reportable compensation from Carolina Friends School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $634K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5340
- Volunteers Part I, line 675
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BEANSTALK BUILDERS Construction | $263,500 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Carolina Friends School totaling $54,837 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Carolina Friends School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carolina Friends School, you can publish a response that is linked from this page.
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Of every $100 Carolina Friends School spent in FY2025, $88.14 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Eureka CollegeEureka, IL · revenue $18M · programs 69.6% · FY2025
- Pennsylvania College of Art & DesignLancaster, PA · revenue $18M · programs 75.9% · FY2025
- Journey Community SchoolsMemphis, TN · revenue $18M · programs 82.1% · FY2025
- San Antonio Academy of TexasSan Antonio, TX · revenue $18M · programs 73.6% · FY2025
- Evansville Christian SchoolNewburgh, IN · revenue $18M · programs 61.4% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Carolina Friends School's spending goes to programs?
In the fiscal year ending June 30, 2025, Carolina Friends School reported that 88.1% of its $18.5 million in expenses went to program services, 9.2% to management and general and 2.6% to fundraising (Form 990, Part IX).
How much does Carolina Friends School pay its top executive?
The largest total compensation Carolina Friends School reported for one person in the fiscal year ending June 30, 2025 was $283,058, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carolina Friends School get its money?
Of $17.6 million in revenue in the fiscal year ending June 30, 2025, 10.6% came from contributions and grants and 83.2% from program service revenue (Form 990, Part VIII).
Is Carolina Friends School a registered charity?
The IRS lists EIN 56-0812560 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620449349300017 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349311096 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349305542 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349307028 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349309701 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110969349300611 · read the filing
All filings for EIN 56-0812560: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.