Neighborhood Preschool Inc

Analysis

Neighborhood Preschool Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in January 1986, 40 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, Neighborhood Preschool Inc reported income of $814k and spending of $782k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $543k to $814k (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neighborhood Preschool Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Foundation of Yakima Valley Community College ($814k), Virginia Beach Theological Seminary ($815k) and Walleyes Unlimited of Montana ($814k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $56k (7.1% of expenses). Other salaries and wages came to $554k. At year end it held assets of $304k against liabilities of $6,786, net assets of $297k. It reported 18 employees.