Family Cooperative Preschool Inc

Analysis

Family Cooperative Preschool Inc is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Family Cooperative Preschool Inc reported income of $215k and spending of $184k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $168k to $215k (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Cooperative Preschool Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include East Baker Historical and Twenty-First Century Community Cor ($215k), The Oklahoma Foundation for the Education of Deaf Children and ($215k) and Early Learning Center Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $41k (22% of expenses). Other salaries and wages came to $78k. At year end it held assets of $399k against liabilities of $30k, net assets of $368k. It reported 5 employees.