Faith Pre-School

Analysis

Faith Pre-School is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in May 1979, 47 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 2023, Faith Pre-School reported income of $142k and spending of $203k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $353k to $142k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Pre-School sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Michigan Christian Homeschool Network ($142k), Ashaway Free Library ($142k) and Caldwell Lake George Library ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $37k (18% of expenses). Other salaries and wages came to $84k. At year end it held assets of $180k against liabilities of $0, net assets of $180k. It reported 16 employees.