Open House Nursery School

Analysis

Open House Nursery School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1989, 37 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, Open House Nursery School reported income of $2.6m and spending of $2.2m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $2.6m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to August 2021, when income dropped by 26%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open House Nursery School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Terry Law Ministries Inc ($2.6m), The Fulton School ($2.6m) and Muskegon County Museum ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.8% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $268k (12% of expenses). Other salaries and wages came to $968k. At year end it held assets of $4.4m against liabilities of $2.8m, net assets of $1.6m. It reported 28 employees.