Charlotte Bilingual Preschool Inc

Analysis

Charlotte Bilingual Preschool Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2003, 23 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 June 2023, Charlotte Bilingual Preschool Inc reported income of $3.4m and spending of $4.0m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $970k to $3.4m (+253%), an average of +37% a year. The sharpest change came in the year to June 2020, when income rose by 148%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlotte Bilingual Preschool Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Hillsboro Charter Academy ($3.4m), McLennan Community College Foundation ($3.4m) and Miami-Dade Family Learning Partnership Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $143k (3.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.5m against liabilities of $98k, net assets of $1.4m. It reported 80 employees.