Education (B20Z) IRS Verified DX Registered 990 on File

CARY CHRISTIAN SCHOOL INC

EIN: 56-1894697 · CARY, NC 27513-5252 · United States · FY 2023 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 71/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Since its inception in 1996, Cary Christian School has grown from 80 students to 780 students in grades K-12. From modular rooms to our current home on 22 acres; from volleyball and basketball practices in a parking lot to a gym and field house; from drama presentations in basements to a lovely auditorium; God has indeed been most kind. Any donation of services or company merchandise will be paired with other donated items to create beautiful gift baskets for the Silent Auction portion of our Gala. If you have questions regarding a donation, please contact Kim Elliott, our Events Manager. She can be reached by phone at (919) 810- 5351 or through email: kelliott@carychristianschool.org. We kindly ask that all donations be received by November 30, 2017. Proceeds from the Gala help raise funds to further the mission of Cary Christian School to provide an excellent classical education founded on a biblical worldview.

Financial Overview — FY 2023

$8.1M

Total Revenue

$7.6M

Total Expenses

$9.7M

Net Assets

163

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 75.3%

Fundraising Efficiency 313.1%

Operating Reserve 15.32x

Liability-to-Asset 47.5%

Revenue Diversification 95.4%

Executive Compensation $299K

Compared with Peers

FY 2023

Compared with 11,226 similar organizations (United States, Education, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	75.3%	84.5%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	23.1%	13.0%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	1.7%	0.0%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	313.1%	64.5%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	15.3 mo	8.6 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	47.5%	23.0%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	95.4%	90.7%	P10P90	Below median
Revenue growth Year over year revenue growth	-1.2%	7.5%	P10P90
Expense growth Year over year expense growth	4.0%	11.6%	P10P90
Surplus margin Surplus as a share of revenue	6.4%	3.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$8.1M	$7.6M	$9.7M	75.3%	163
2022	$8.2M	$7.3M	$9.1M	75.3%	166
2021	$7.6M	$7.0M	N/A	—	128

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Organization Details

EIN: 56-1894697
State: NC
City: CARY
ZIP: 27513-5252
Classification: B20Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1996
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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