Mimis Preschool Inc

Analysis

Mimis Preschool Inc is a registered charity in United States, based in Scott, LA. It received its IRS tax-exemption ruling in November 2008, 18 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 December 2022, Mimis Preschool Inc reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $560k to $1.2m (+114%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mimis Preschool Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Dwell with Dignity Inc ($1.2m), Gods Grace Learning Center ($1.2m) and Alta Monte Child Development Center Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $155k (15% of expenses). Other salaries and wages came to $448k. At year end it held assets of $542k against liabilities of $21k, net assets of $521k. It reported 45 employees.