Agassiz Preschool Inc

Analysis

Agassiz Preschool Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in July 1974, 52 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 August 2023, Agassiz Preschool Inc reported income of $908k and spending of $963k, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $697k to $908k (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2022, when income rose by 100%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Agassiz Preschool Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Richards Free Library ($908k), Charis Classical Academy Incorporated ($908k) and Jubilee School Inc ($908k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Other salaries and wages came to $609k. At year end it held assets of $1.3m against liabilities of $850k, net assets of $486k. It reported 9 employees.