West Forsyth Christian Preschool

Analysis

West Forsyth Christian Preschool is a registered charity in United States, based in Lewisville, NC. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, West Forsyth Christian Preschool reported income of $667k and spending of $651k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $436k to $667k (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Forsyth Christian Preschool sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Community Christian School of Weste RN Nebraska Inc ($666k), Iowa City Public High Schools Parents and Boosters Club ($667k) and Family-Directed Education Foundation ($666k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $473k. At year end it held assets of $132k against liabilities of -$2,207, net assets of $134k.