Carlthorp School
Carlthorp School reported $16.6 million in revenue and $16.8 million in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $81.02 went to program services, $14.18 to management and general costs and $4.80 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 71.9% of the total. The highest compensation it reported for one person was $538,233 (HEAD OF SCHOOL). 29 people received more than $100,000 in reportable compensation. Revenue rose 42% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $17MFor 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 August 31, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.25 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 19.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 71.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $538,233 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.20% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 29 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 38.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 15 of 16 | 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 expenseCarlthorp School is accredited by the national association of independent schools, the california association of independent schools and the western association of schools and colleges. Carlthorp School received the "no child left behind" national blue ribbon of excellence award. 100% of Carlthorp School's 2025 graduating class attend the secondary school of their first choice.the school is traditionally and academically oriented. The curriculum is well-rounded and a solid academic foundation in math, reading, and english is stressed. Teachers utilize diverse teaching modalities and…
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 Director/trustee, officer, 40.00 hrs/week | $480,990 | $0 | $57,243 | $538,233 |
| DIR. OF FINANCE/SEC./TREAS. Officer, 40.00 hrs/week | $278,204 | $0 | $98,266 | $376,470 |
| ASSC HEAD OF SCHOOL (LEFT JUNE 2025) Highest compensated employee, 40.00 hrs/week | $303,732 | $0 | $60,353 | $364,085 |
| DEAN OF ACADEMICS Highest compensated employee, 40.00 hrs/week | $207,608 | $0 | $22,064 | $229,672 |
| DIRECTOR OF ADVANCEMENT Highest compensated employee, 40.00 hrs/week | $203,567 | $0 | $25,007 | $228,574 |
| HEAD, SCI., INNOV. & SPCL PROG. Highest compensated employee, 40.00 hrs/week | $167,955 | $0 | $19,432 | $187,387 |
| LIBRARIAN Highest compensated employee, 40.00 hrs/week | $129,920 | $0 | $23,150 | $153,070 |
29 people received more than $100,000 in reportable compensation from Carlthorp School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $967K (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–1b16 · 15 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 11aNo
- Family or business ties among insiders Part VI 2No
- 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 5113
- Volunteers Part I, line 6110
Private foundation grants it received
11 private foundations reported grants to Carlthorp School totaling $273K 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 Carlthorp 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 Carlthorp School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Carlthorp School spent in FY2025, $81.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Trinity AcademyRaleigh, NC · revenue $17M · programs 70.6% · FY2025
- The Carey SchoolSan Mateo, CA · revenue $17M · programs 80.8% · FY2025
- Home School Legal Defense AssociationPurcellville, VA · revenue $17M · programs 88.4% · FY2025
- Valencia College FoundationOrlando, FL · revenue $17M · programs 71.3% · FY2025
- Mountain State Learning SolutionsCharleston, WV · revenue $17M · programs 78.7% · FY2025
Questions people ask
How much of Carlthorp School's spending goes to programs?
In the fiscal year ending August 31, 2025, Carlthorp School reported that 81.0% of its $16.8 million in expenses went to program services, 14.2% to management and general and 4.8% to fundraising (Form 990, Part IX).
How much does Carlthorp School pay its top executive?
The largest total compensation Carlthorp School reported for one person in the fiscal year ending August 31, 2025 was $538,233, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carlthorp School get its money?
Of $16.6 million in revenue in the fiscal year ending August 31, 2025, 19.2% came from contributions and grants and 71.9% from program service revenue (Form 990, Part VIII).
Is Carlthorp School a registered charity?
The IRS lists EIN 95-3512203 as a 501(c)(3) organization (church), 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 August 31, 2025, object 202601949349301355 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202501969349302305 · read the filing
- FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202442119349300119 · read the filing
- FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202312019349300411 · read the filing
- FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202211969349302046 · read the filing
- FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202131949349302103 · read the filing
All filings for EIN 95-3512203: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.