Green Lake Preschool and Childcare Center

Analysis

Green Lake Preschool and Childcare Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2014, 12 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 2023, Green Lake Preschool and Childcare Center reported income of $2.8m and spending of $2.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.8m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Green Lake Preschool and Childcare Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Pathway Corporation ($2.8m), Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund ($2.8m) and Working in Support of Education ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $99k (4.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.5m against liabilities of $393k, net assets of $3.1m. It reported 46 employees.