Meadville Cooperative Preschool

Analysis

Meadville Cooperative Preschool is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in December 1990, 36 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 May 2022, Meadville Cooperative Preschool reported income of $340k and spending of $316k, spending 93% of its income. Across the 3 years on record, from May 2020 to May 2022, income grew from $248k to $340k (+37%), an average of +17% a year. The sharpest change came in the year to May 2021, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meadville Cooperative Preschool sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Clay Minerals Society ($340k), South Carolina First Steps to School Readiness Board of Trustees ($340k) and Impact100 Houston Inc ($340k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $44k (14% of expenses). Other salaries and wages came to $187k. At year end it held assets of $234k against liabilities of $8,641, net assets of $226k. It reported 17 employees.