Discover Preschool Inc

Analysis

Discover Preschool Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in August 1999, 27 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, Discover Preschool Inc reported income of $278k and spending of $153k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $200k to $278k (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Discover Preschool Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Health Occupations Students of America ($278k), Wisconsin Pharmacy Foundation Inc ($278k) and Minnesota Logger Education Program ($277k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $56k (36% of expenses). Other salaries and wages came to $6,639. At year end it held assets of $334k against liabilities of $111k, net assets of $223k. It reported 9 employees.