Westfield Co-Op Nursery School

Analysis

Westfield Co-Op Nursery School is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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 2023, Westfield Co-Op Nursery School reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.8m (+67%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westfield Co-Op Nursery School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Galesburg Civic Art League Inc ($1.8m), Peace Dale United Church Housing Inc ($1.8m) and Southwest 141 Street Housing Development Fund Company Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $963k against liabilities of $427k, net assets of $536k.