New Canaan Community Nursery School Inc

Analysis

New Canaan Community Nursery School Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in March 1952, 74 years ago. 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, New Canaan Community Nursery School Inc reported income of $752k and spending of $674k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $549k to $752k (+37%), an average of +8.2% a year. The sharpest change came in the year to August 2022, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Canaan Community Nursery School Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Goldman - Hermelin Education Foundation of Hillel Day School ($752k), Warrior Run Manor Inc ($752k) and Barry-Lawrence County Development Center Inc ($752k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.7% and program service revenue 91% of the total. Other salaries and wages came to $445k. At year end it held assets of $1.7m against liabilities of $386k, net assets of $1.3m. It reported 15 employees.