Whitney Point Preschool Inc

Analysis

Whitney Point Preschool Inc is a registered charity in United States, based in Whitney Point, NY. It received its IRS tax-exemption ruling in February 1991, 35 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 August 2024, Whitney Point Preschool Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $841k to $1.4m (+64%), an average of +13% a year. The sharpest change came in the year to August 2024, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whitney Point Preschool Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include National Academy of Design ($1.4m), Veritas Baptist College Inc ($1.4m) and Dayspring Bible College and Seminary Inc ($1.4m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $70k (5.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.3m against liabilities of $116k, net assets of $1.1m. It reported 53 employees.