Williamstown Community Preschool Inc

Analysis

Williamstown Community Preschool Inc is a registered charity in United States, based in Williamstown, MA. It received its IRS tax-exemption ruling in January 1973, 53 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 June 2023, Williamstown Community Preschool Inc reported income of $1.0m and spending of $794k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $626k to $1.0m (+62%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Williamstown Community 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 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Disability Connections Inc ($1.0m), Neighborhood Child & Infant Care Center ($1.0m) and Stopover Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $62k (7.8% of expenses). Other salaries and wages came to $464k. At year end it held assets of $1.9m against liabilities of $301k, net assets of $1.6m. It reported 21 employees.