Promisetown Preschool at PVPC Inc

Analysis

Promisetown Preschool at PVPC Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in August 2012, 14 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 June 2024, Promisetown Preschool at PVPC Inc reported income of $470k and spending of $519k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $972k to $470k (-52%), an average of -17% a year. The sharpest change came in the year to June 2023, when income rose by 708%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Promisetown Preschool at PVPC Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Childrens Center of John Jay College of Criminal Justice Inc ($470k), Tennessee Educators of Color Alliance ($470k) and Island Montessori School ($470k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $39k (7.6% of expenses). Other salaries and wages came to $335k. At year end it held assets of $274k against liabilities of $0, net assets of $274k. It reported 48 employees.