Methodist Fam Center Preschool Inc

Analysis

Methodist Fam Center Preschool Inc is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Methodist Fam Center Preschool Inc reported income of $916k and spending of $938k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $729k to $916k (+26%), an average of +5.9% a year. The sharpest change came in the year to August 2021, when income rose by 53%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Fam Center Preschool Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include District of Vincennes of the Society of St Vincent de Paul Inc ($916k), Explorationworks Inc ($916k) and Things of My Very Own Inc ($916k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $231k (25% of expenses). Other salaries and wages came to $428k. At year end it held assets of $803k against liabilities of $721k, net assets of $82k. It reported 21 employees.