Old First Nursery School Inc

Analysis

Old First Nursery School Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2008, 18 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, Old First Nursery School Inc reported income of $284k and spending of $299k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $276k to $284k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old First Nursery School 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 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Impact Giving ($284k), Palos Verdes Youth Basketball League ($284k) and Brandon Valley Booster Club Inc ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 74% of the total. Other salaries and wages came to $115k. At year end it held assets of $186k against liabilities of $46k, net assets of $139k. It reported 2 employees.