Grayling Cooperative Preschool Inc

Analysis

Grayling Cooperative Preschool Inc is a registered charity in United States, based in Grayling, MI. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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, Grayling Cooperative Preschool Inc reported income of $701k and spending of $695k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $477k to $701k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grayling Cooperative Preschool Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Advaita Society ($701k), Houston Eye Associates Foundation ($701k) and Northwest Housing Corporation ($701k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $435k. At year end it held assets of $36k against liabilities of $54k, net assets of -$18k.