Serendipity Pre-School

Analysis

Serendipity Pre-School is a registered charity in United States, based in Norwalk, IA. It received its IRS tax-exemption ruling in June 1986, 40 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 2023, Serendipity Pre-School reported income of $216k and spending of $268k, spending 124% of what it took in. Across the 3 years on record, from July 2021 to July 2023, income grew from $213k to $216k (+1.1%), an average of +0.6% a year. The sharpest change came in the year to July 2022, when income rose by 30%. 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, Serendipity Pre-School sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Colorado Advanced Life Support ($216k), New York City Parents in Action Inc ($216k) and 300 Main Incorporated ($216k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6,000 (2.2% of expenses). Other salaries and wages came to $163k. At year end it held assets of $80k against liabilities of $3,501, net assets of $77k. It reported 7 employees.