First Presbyterian Preschool of Morehead City NC Inc

Analysis

First Presbyterian Preschool of Morehead City NC Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in May 2010, 16 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 June 2024, First Presbyterian Preschool of Morehead City NC Inc reported income of $122k and spending of $132k, spending 108% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $170k to $122k (-28%), an average of -15% a year. The sharpest change came in the year to June 2024, when income dropped by 20%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Presbyterian Preschool of Morehead City NC Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Hoala Foundation for Education ($122k), Lead for America Corporation ($122k) and Anacortes Public Library Foundation ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.