Noahs Ark Daycare and Preschool Inc

Analysis

Noahs Ark Daycare and Preschool Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in December 1992, 34 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 December 2023, Noahs Ark Daycare and Preschool Inc reported income of $703k and spending of $761k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $703k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noahs Ark Daycare and Preschool Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within ND. Charities of a similar size with the same main cause include Green Bay Montessori Childrens World ($703k), Global Center for Culturalentrepreneurship ($703k) and Center Grove High School Choir Parents Organization ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $99k (13% of expenses). Other salaries and wages came to $465k. At year end it held assets of $376k against liabilities of $299k, net assets of $77k. It reported 48 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.