Gingham Giraffe Preschool Inc

Analysis

Gingham Giraffe Preschool Inc is a registered charity in United States, based in Chatham, NJ. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, Gingham Giraffe Preschool Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $569k to $1.1m (+101%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gingham Giraffe 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 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Citizens Against Spouse Abuse Incorporated ($1.1m), Passion & Fire Ministries Inc ($1.1m) and Habitat for Humanity International Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $201k (18% of expenses). Other salaries and wages came to $542k. At year end it held assets of $434k against liabilities of $220k, net assets of $214k. It reported 26 employees.