Morris Plains Cooperative Play School

Analysis

Morris Plains Cooperative Play School is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in November 1955, 71 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 June 2023, Morris Plains Cooperative Play School reported income of $560k and spending of $396k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $415k to $560k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morris Plains Cooperative Play School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Montessori Childrens House of Nantucket Inc ($559k), Wellesley Students Aid Society Inc ($560k) and 21st Century Global Missions ($559k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $221k. At year end it held assets of $747k against liabilities of $97k, net assets of $650k. It reported 31 employees.