South Shore Foundation for Early Childhood Education Inc

Analysis

South Shore Foundation for Early Childhood Education Inc is a registered charity in United States, based in Islip Terrace, NY. It received its IRS tax-exemption ruling in July 2018, 8 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 December 2023, South Shore Foundation for Early Childhood Education Inc reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $1.5m (+302%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Shore Foundation for Early Childhood Education Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Saint Augustine Montessori Community Inc ($1.5m), Litchfield Montessori School Inc ($1.5m) and Noble Initiative Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $142k (9.6% of expenses). Other salaries and wages came to $989k. At year end it held assets of $14k against liabilities of $244k, net assets of -$230k. It reported 63 employees.