Kids Inspiring Faith at Hope Rising Preschool

Analysis

Kids Inspiring Faith at Hope Rising Preschool is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in June 2011, 15 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, Kids Inspiring Faith at Hope Rising Preschool reported income of $868k and spending of $878k, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $189k to $868k (+358%), an average of +46% a year. The sharpest change came in the year to May 2022, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Inspiring Faith at Hope Rising Preschool sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Town & Country Nursery School Inc ($867k), Lake Region Community College Foundation of Devils Lake ($868k) and King Youth Foundation Inc ($867k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $261k (30% of expenses). Other salaries and wages came to $394k. At year end it held assets of $136k against liabilities of $0, net assets of $136k. It reported 40 employees.