Powell United Methodist Preschool

Analysis

Powell United Methodist Preschool is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Powell United Methodist Preschool reported income of $295k and spending of $290k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $295k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Powell United Methodist Preschool sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include 30th Street Industrial Corridor Corporation Inc ($295k), Nomads Soccer Club ($295k) and Citizens Alliance Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (17% of expenses). At year end it held assets of $342k against liabilities of $0, net assets of $342k. It reported 18 employees.