Aldrich Memorial Nursery School Inc

Analysis

Aldrich Memorial Nursery School Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in January 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aldrich Memorial Nursery School Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $914k to $1.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 824%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aldrich Memorial Nursery School Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Scoville Memorial Library Association Inc ($1.0m), Palante Harlem Inc ($1.0m) and Entrepreneurs Organization ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $68k (6.5% of expenses). Other salaries and wages came to $597k. At year end it held assets of $2.0m against liabilities of $852k, net assets of $1.1m. It reported 51 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.