Wellesley Cooperative Nursery School Inc

Analysis

Wellesley Cooperative Nursery School Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in March 1975, 51 years ago. 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, Wellesley Cooperative Nursery School Inc reported income of $412k and spending of $330k, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $345k to $412k (+19%), an average of +4.5% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellesley Cooperative Nursery School Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Texas Prison Museum Inc ($412k), Kentucky Mansions Preservation Foundation Inc ($412k) and National Church Residences of ($412k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $93k (28% of expenses). Other salaries and wages came to $130k. At year end it held assets of $843k against liabilities of $53k, net assets of $789k. It reported 15 employees.