North Carolina · Nonprofit
CAROLINA FRIENDS SCHOOL
CAROLINA FRIENDS SCHOOL (North Carolina) receives grants from 30 organizations whose IRS filings report $2,619,030 to it, the largest being TRIANGLE COMMUNITY FOUNDATION INC ($1,078,289). 20 of them have funded it in more than one year, and 71% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $18M
- Funders on record
- 30
- Grants received
- $2.6M
- Net assets
- $36M
What Carolina Friends School does
Mission
Carolina Friends School is a vibrant and inclusive learning community empowering students to think critically, creatively, and independently. We foster active exploration and quiet reflection, individual endeavor and collaborative engagement. Inspired by quaker values pursuit of truth, respect for all, peaceful resolution of conflict, simplicity, the call to service, we teach our children that it is possible to change the world.
As stated on its FY2025 Form 990.
Programs
Provide 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 and global, they will soon lead and serve. At the end of the school year 2024/2025, there were 490 students enrolled in the school.
$14,797,964 spentof which $2,724,693 as grants$13,354,307 earned by the program91% of program spendingAuxiliary 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 year 2024/2025. Many students are involved in more than one activity. Enrichment programs include after-school "fun shops" in art, science, sports, and music lessons. Peaceful schools nc provides professional development, consulting, student programs, and family support to foster positive relationships in school communities so that all members can thrive.
$1,535,687 spent$1,296,236 earned by the program9% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $16,333,651.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $43M to $48M (+12%).
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 8%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 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 6 funders to 13 funders, grant income rose $368k → $456k.
12 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 71% 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 FRIENDS SCHOOL’s funders (the co-funder graph). 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 FRIENDS SCHOOL leans on a few funders — its largest provides 41% of grant income and the top three 64%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
71% 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 FRIENDS SCHOOL.
Largest funder’s share by year: 2017 85% · 2018 33% · 2019 35% · 2020 29% · 2021 45% · 2022 46% · 2023 65% — 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
48% of CAROLINA FRIENDS SCHOOL's funders are still giving 3 years after their first grant; 67% 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
71% of CAROLINA FRIENDS SCHOOL'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 $753k that is directly attributable, 75% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.9M arriving through sponsors registered in 9 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.
Organizations like CAROLINA FRIENDS SCHOOL
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
88% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for CAROLINA FRIENDS SCHOOL: 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 FRIENDS SCHOOL?
- CAROLINA FRIENDS SCHOOL (North Carolina) receives grants from 30 organizations whose IRS filings report $2,619,030 to it, the largest being TRIANGLE COMMUNITY FOUNDATION INC ($1,078,289). 20 of them have funded it in more than one year, and 71% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does CAROLINA FRIENDS SCHOOL have?
- IRS filings report 30 organizations giving $2,619,030 in grants to CAROLINA FRIENDS SCHOOL, 20 of which have funded it in more than one year.
- Who is the largest funder of CAROLINA FRIENDS SCHOOL?
- TRIANGLE COMMUNITY FOUNDATION INC is the largest funder on record, with $1,078,289 in grants. The full list of funders is on this page.
- How can an organization like CAROLINA FRIENDS SCHOOL 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 Friends 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 30 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 14, 2026. What this page cannot tell you · view filing