Lakewood United Methodist Preschool

Analysis

Lakewood United Methodist Preschool is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Lakewood United Methodist Preschool reported income of $486k and spending of $438k, spending 90% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $354k to $486k (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood United Methodist Preschool sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Southeast Senior Services Council Inc ($486k), 23rd Veteran ($486k) and East Side Neighborhood Recreation Center ($486k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $62k (14% of expenses). Other salaries and wages came to $288k. At year end it held assets of $54k against liabilities of -$2,897, net assets of $57k. It reported 18 employees.