Community Preschool

Analysis

Community Preschool is a registered charity in United States, based in Chesterland, OH. It received its IRS tax-exemption ruling in February 2019, 7 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 July 2024, Community Preschool reported income of $110k and spending of $123k, spending 112% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $145k to $110k (-24%), an average of -13% a year. The sharpest change came in the year to July 2023, when income rose by 53%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Preschool sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Wehr Science Center Endowment ($110k), East Carteret Band Boosters Inc ($110k) and The I Will Projects ($110k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 4.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $37k (30% of expenses). Other salaries and wages came to $54k. At year end it held assets of $134k against liabilities of $4,459, net assets of $129k. It reported 8 employees.