Mayfair Co-Op Preschool

Analysis

Mayfair Co-Op Preschool is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in May 1957, 69 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 2024, Mayfair Co-Op Preschool reported income of $72k and spending of $52k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $47k to $72k (+53%), an average of +53% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mayfair Co-Op Preschool sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Decatur County-Gilbert H Gragg Library Foundation Inc ($72k), Parent Booster USA Inc ($72k) and Hammer Montessori Foundation ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 72% of the total. At year end it held assets of $107k against liabilities of $13k, net assets of $95k.