International Preschools

Analysis

International Preschools is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, International Preschools reported income of $2.7m and spending of $4.3m, spending 157% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.6m to $2.7m (-68%), an average of -25% a year. The sharpest change came in the year to August 2022, when income rose by 53%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Preschools sits at the 85th percentile: it is larger than about 84% 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 Partners for Educational Leadership Inc ($2.7m), Building Brave Inc ($2.7m) and Metropolitan Council for Educational Opportunity Metco Inc ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $335k (7.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.5m against liabilities of $4.7m, net assets of $6.7m. It reported 43 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.