Isleboro Pre School

Analysis

Isleboro Pre School is a registered charity in United States, based in Islesboro, ME. It received its IRS tax-exemption ruling in October 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Isleboro Pre School reported income of $167k and spending of $184k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $388k to $167k (-57%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 34%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Isleboro Pre School sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Stafford Boys Club Inc ($167k), Cedar Grove Ambulance and Rescue Squad Inc ($167k) and Lacey Rotary Foundation ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $40k (22% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.7m against liabilities of -$3,276, net assets of $1.7m. It reported 6 employees.