Seeds of Faith Preschool

Analysis

Seeds of Faith Preschool is a registered charity in United States, based in Clinton, MO. It received its IRS tax-exemption ruling in March 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 June 2023, Seeds of Faith Preschool reported income of $336k and spending of $229k, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $245k to $336k (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seeds of Faith Preschool sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include Lab School of Memphis Inc ($336k), Blackberry Farm Foundation ($336k) and Golden Star Educational Services ($336k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. Other salaries and wages came to $110k. At year end it held assets of $975k against liabilities of $508k, net assets of $467k. It reported 22 employees.