Grace Playschool Inc

Analysis

Grace Playschool Inc is a registered charity in United States, based in Lynbrook, NY. It received its IRS tax-exemption ruling in January 1992, 34 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 June 2023, Grace Playschool Inc reported income of $423k and spending of $392k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $337k to $423k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Playschool Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Soroptimist Thrift Shop of Anacortes ($423k), San Fernando Valley Small Business Development Corporation ($423k) and Cache Valley Civic Ballet Association ($423k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 88% of the total. Other salaries and wages came to $273k. At year end it held assets of $331k against liabilities of $19k, net assets of $311k. It reported 27 employees.