North Carolina · Nonprofit
Carolina Day School Inc
Carolina Day School Inc (North Carolina) receives grants from 40 organizations whose IRS filings report $6,187,774 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($2,531,500). 26 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $27M
- Funders on record
- 40
- Grants received
- $6.2M
- Net assets
- $33M
What Carolina Day School Inc does
Mission
To inspire students to become innovative thinkers who communicate with intelligence and clarity, create with vision and purpose, and act with courage and compassion to confidently make a meaningful difference in the world.
As stated on its FY2025 Form 990.
Program
Carolina day school is a model of academic excellence, a leader in curricular innovation, and is an accredited, co-educational, secular, independent day school. In the 2024-25 school year, 598 students enrolled in pre-kindergarten through grade 12. Carolina day school delivers a rich, differentiated, personally rigorous, whole-child academic experience that fosters accelerated learning, and provides supports when necessary to academically capable, motivated and inquisitive students. Experiential, deep learning is hallmark to the program. Exceptional faculty deeply know their students, who distinguish themselves not only academically, but also artistically, athletically, and socially in a community built on trust, integrity, and kindness. The key school, established in 1997, is a division of carolina day school. The key school provides educational opportunities for bright students with language-based learning differences. The key school's teacher training program is accredited by the international multisensory structured language education council, the academy of orton- gillingham practitioners and educators, and the international dyslexia association.
$20,068,951 spentof which $3,432,047 as grants$21,235,430 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $20,068,951.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $36M to $40M (+13%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10% · 2022 8% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.
17% of Carolina Day School Inc’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 12 funders to 17 funders, grant income rose $202k → $494k.
11 of 40 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Carolina Day School Inc’s funders (the co-funder graph). Top 30 of 40 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Carolina Day School Inc leans on a few funders — its largest provides 41% of grant income and the top three 66%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Carolina Day School Inc.
Largest funder’s share by year: 2017 34% · 2018 35% · 2019 39% · 2020 35% · 2021 31% · 2022 33% · 2023 30% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
39% of Carolina Day School Inc's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
61% of Carolina Day School Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $2.4M that is directly attributable, 74% of it comes from funders outside North Carolina, across 12 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.8M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Carolina Day School Inc runs a healthier operating margin than half of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like Carolina Day School Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 1 related entity
- Key Learning Center · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Carolina Day School Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Carolina Day School Inc?
- Carolina Day School Inc (North Carolina) receives grants from 40 organizations whose IRS filings report $6,187,774 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($2,531,500). 26 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Carolina Day School Inc have?
- IRS filings report 40 organizations giving $6,187,774 in grants to Carolina Day School Inc, 26 of which have funded it in more than one year.
- Who is the largest funder of Carolina Day School Inc?
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC is the largest funder on record, with $2,531,500 in grants. The full list of funders is on this page.
- How can an organization like Carolina Day School Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Carolina Day School →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 40 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing