Novi Cooperative Preschool Inc

Analysis

Novi Cooperative Preschool Inc is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in September 1981, 45 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, Novi Cooperative Preschool Inc reported income of $79k and spending of $60k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $77k to $79k (+2.4%), an average of +2.4% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Novi Cooperative Preschool Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Warminster Symphony Society ($79k), Sargent Seniors Council ($79k) and PTA California Congress of Parents Teachers & Students Inc ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 75% of the total. At year end it held assets of $85k against liabilities of $366, net assets of $85k.