Preschool Advantage Inc

Analysis

Preschool Advantage Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Preschool Advantage Inc reported income of $1.1m and spending of $982k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $944k to $1.1m (+13%), an average of +3.1% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preschool Advantage Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Kipp NYC Facility Holdings Inc ($1.1m), Young Singers of the Palm Beaches Inc ($1.1m) and In God We Trust Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $98k (10% of expenses). Other salaries and wages came to $165k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 5 employees.