McDonough First United Methodist Preschool

Analysis

McDonough First United Methodist Preschool is a registered charity in United States, based in McDonough, GA. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McDonough First United Methodist Preschool reported income of $935k and spending of $845k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $838k to $935k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McDonough First United Methodist Preschool sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Youth Hope Foundation ($935k), Waynesboro Community & Human Services Inc ($935k) and Leadership Nashville Foundation ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $46k (5.4% of expenses). Other salaries and wages came to $585k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 42 employees.