Hearts & Hands Preschool Inc

Analysis

Hearts & Hands Preschool Inc is a registered charity in United States, based in Calistoga, CA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hearts & Hands Preschool Inc reported income of $203k and spending of $246k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $219k to $203k (-7.6%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearts & Hands Preschool Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Michigan Senior Olympics Inc ($203k), High Point Ballet ($203k) and Utah National Guard Charitable TR ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $12k (4.9% of expenses). At year end it held assets of $65k against liabilities of $727, net assets of $65k. It reported 11 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.