Spruce Street Nursery School

Analysis

Spruce Street Nursery School is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Spruce Street Nursery School reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.3m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spruce Street Nursery School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Academy of Chinese Culture and ($2.3m), Cottonwood School of Civics and Science ($2.3m) and Longwood Medical Energy Collaborative Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $491k (25% of expenses). Other salaries and wages came to $740k. At year end it held assets of $4.2m against liabilities of $1.4m, net assets of $2.8m. It reported 17 employees.