Fort Mill Preparatory Cooperative Preschool

Analysis

Fort Mill Preparatory Cooperative Preschool is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fort Mill Preparatory Cooperative Preschool reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $860k to $1.3m (+47%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Mill Preparatory Cooperative Preschool sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Essex National Heritage Commission Inc ($1.3m), Association for Public Art ($1.3m) and Houmas House Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (3.9% of expenses). Other salaries and wages came to $553k. At year end it held assets of $990k against liabilities of $0, net assets of $990k.