Belmont Cooperative Nursery School Inc

Analysis

Belmont Cooperative Nursery School Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in March 1973, 53 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, Belmont Cooperative Nursery School Inc reported income of $670k and spending of $574k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $287k to $670k (+133%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belmont Cooperative Nursery School Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Pillars of Peace Inc ($670k), Rolf Benirschke Legacy Foundation ($670k) and Parkville Recreation & Parks Council ($670k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $87k (15% of expenses). Other salaries and wages came to $306k. At year end it held assets of $480k against liabilities of $0, net assets of $480k. It reported 22 employees.