Pals Preschool and Kindergarten

Analysis

Pals Preschool and Kindergarten is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in March 1989, 37 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, Pals Preschool and Kindergarten reported income of $3.9m and spending of $3.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pals Preschool and Kindergarten sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Senior Services for South Sound ($3.9m), Bridges USA Inc ($3.9m) and Family Advocacy & Community Training ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $90k (2.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.3m against liabilities of $345k, net assets of $5.0m. It reported 106 employees.