Foundations Preschool of Washtenaw County

Analysis

Foundations Preschool of Washtenaw County is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 1949, 77 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 September 2023, Foundations Preschool of Washtenaw County reported income of $1.4m and spending of $1.6m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+13%), an average of +3.2% a year. The sharpest change came in the year to September 2022, when income rose by 88%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundations Preschool of Washtenaw County sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Wonder Montessori School ($1.4m), Major Adams Community Committee ($1.4m) and Student Government Association ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $96k (5.9% of expenses). Other salaries and wages came to $965k. At year end it held assets of $1.6m against liabilities of $146k, net assets of $1.5m. It reported 54 employees.