Albia Pre-School and Day Care Center Inc

Analysis

Albia Pre-School and Day Care Center Inc is a registered charity in United States, based in Albia, IA. It received its IRS tax-exemption ruling in June 1976, 50 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 September 2022, Albia Pre-School and Day Care Center Inc reported income of $623k and spending of $406k, leaving 35% of income unspent that year. Across the 3 years on record, from September 2020 to September 2022, income grew from $197k to $623k (+216%), an average of +78% a year. The sharpest change came in the year to September 2022, when income rose by 124%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albia Pre-School and Day Care Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include The Payton Wright Foundation Inc ($623k), Golden Bridge ($623k) and Bethel Community Foundation ($622k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $241k. At year end it held assets of $240k against liabilities of $46k, net assets of $194k. It reported 30 employees.