Madison Area Preschool Inc

Analysis

Madison Area Preschool Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1985, 41 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 July 2024, Madison Area Preschool Inc reported income of $692k and spending of $720k, spending 104% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $672k to $692k (+3.0%), an average of +0.6% a year. The sharpest change came in the year to July 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Area 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 WI. Charities of a similar size with the same main cause include River Cities Information Referral and Assistance Services ($692k), The Arc of Florida Inc ($692k) and Inland Lakes Educational Foundation ($692k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $437k. At year end it held assets of $1.1m against liabilities of $58k, net assets of $1.0m. It reported 15 employees.