Bright Prospects Cooperative Preschool

Analysis

Bright Prospects Cooperative Preschool is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1951, 75 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bright Prospects Cooperative Preschool reported income of $92k and spending of $82k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $92k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bright Prospects Cooperative Preschool sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Vigilant Hose Company Auxiliary Inc ($92k), PTA Oklahoma Congress ($92k) and Earlville Free Library ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.