University Nursery School

Analysis

University Nursery School is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1973, 53 years ago. 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 July 2023, University Nursery School reported income of $3.4m and spending of $3.2m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.5m to $3.4m (+33%), an average of +7.4% a year. The sharpest change came in the year to July 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Nursery School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Echo Hose Hook and Ladder Ambulance Corps Inc ($3.4m), Boy Scouts of America ($3.4m) and North Texas State Fair Association ($3.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $212k (6.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $725k against liabilities of $107k, net assets of $618k. It reported 125 employees.