Hope Ridge Preschool Inc

Analysis

Hope Ridge Preschool Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Hope Ridge Preschool Inc reported income of $265k and spending of $227k, spending 86% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $270k to $265k (-1.7%), an average of -1.7% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Ridge Preschool Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Gateway Educational Services ($265k), Empower Humanity ($265k) and Walnut Creek Library Foundation ($265k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $36k (16% of expenses). Other salaries and wages came to $137k. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 17 employees.