Beginnings Child Care Center & Preschool Inc

Analysis

Beginnings Child Care Center & Preschool Inc is a registered charity in United States, based in West Fargo, ND. It received its IRS tax-exemption ruling in July 2013, 13 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 December 2021, Beginnings Child Care Center & Preschool Inc reported income of $675k and spending of $878k, spending 130% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $986k to $675k (-32%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beginnings Child Care Center & Preschool Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within ND. Charities of a similar size with the same main cause include Children of Grace Childcare & Education Center ($675k), Trinity Preparatory School ($675k) and Tennessee Educational Technology Association ($675k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 109% of the total. Compensation of current officers, directors and key employees was $114k (13% of expenses). Other salaries and wages came to $454k. At year end it held assets of $614k against liabilities of $407k, net assets of $207k. It reported 57 employees.