Park Place Early Learning Center

Analysis

Park Place Early Learning Center is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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 2022, Park Place Early Learning Center reported income of $778k and spending of $706k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $652k to $778k (+19%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 25%. 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, Park Place Early Learning Center sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include The Garden Patch Play School Inc ($778k), Del Norte High School Athletic Booster Club ($778k) and Wilson House of East Dorset ($778k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 34% and program service revenue 66% of the total. Other salaries and wages came to $412k. At year end it held assets of $364k against liabilities of $69k, net assets of $295k. It reported 12 employees.