Preschool of the Arts Inc

Analysis

Preschool of the Arts Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 1975, 51 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 August 2023, Preschool of the Arts Inc reported income of $4.6m and spending of $4.0m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.2m to $4.6m (+42%), an average of +9.1% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preschool of the Arts Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Ashland School Inc ($4.6m), McKinley Foundation at the University of Illinois ($4.6m) and Bright Futures Fund ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $126k (3.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.1m against liabilities of $1.4m, net assets of $2.7m. It reported 99 employees.