Coastal Kids Preschool

Analysis

Coastal Kids Preschool is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coastal Kids Preschool reported income of $1.3m and spending of $1.4m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $911k to $1.3m (+48%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastal Kids Preschool 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 82nd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Limon Child Development Center ($1.3m), Carriage House of Summit County Inc ($1.3m) and Furnishing Families of Texas ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $141k (10% of expenses). Other salaries and wages came to $916k. At year end it held assets of $1.3m against liabilities of $94k, net assets of $1.2m. It reported 64 employees.