Ark Preschool

Analysis

Ark Preschool is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in August 2022, 4 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 August 2023, Ark Preschool reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $599k to $1.2m (+95%), an average of +25% a year. The sharpest change came in the year to August 2021, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ark Preschool sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include District Montessori ($1.2m), Northeast Academy a Christian School ($1.2m) and Tech My School ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 76% of the total. Compensation of current officers, directors and key employees was $92k (9.1% of expenses). Other salaries and wages came to $557k. At year end it held assets of $1.0m against liabilities of $11k, net assets of $1.0m.