Woodbury Preschool at the Grove

Analysis

Woodbury Preschool at the Grove is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in December 1978, 48 years ago. 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 2023, Woodbury Preschool at the Grove reported income of $684k and spending of $741k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $513k to $684k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 53%. 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, Woodbury Preschool at the Grove sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Comite de Apoyo a Los Trabajadores Agricolas Inc ($684k), G a Properties Inc ($684k) and Downtown Association of Yakima ($684k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $55k (7.5% of expenses). Other salaries and wages came to $553k. At year end it held assets of $414k against liabilities of $0, net assets of $414k. It reported 38 employees.