Heritage Park Preschool

Analysis

Heritage Park Preschool is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in November 2002, 24 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 July 2023, Heritage Park Preschool reported income of $670k and spending of $665k, spending 99% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $419k to $670k (+60%), an average of +17% a year. The sharpest change came in the year to July 2021, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Park Preschool sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Hyde Park Institute ($669k), Covenant School of Bridgeport Inc ($670k) and MDM Observatory Consortium Inc ($669k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $67k (10% of expenses). Other salaries and wages came to $347k. At year end it held assets of $230k against liabilities of $0, net assets of $230k. It reported 26 employees.