Jump Preschool Inc

Analysis

Jump Preschool Inc is a registered charity in United States, based in Lago Vista, TX. 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 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, Jump Preschool Inc reported income of $607k and spending of $665k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $646k to $607k (-6.1%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jump Preschool Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Operating Engineers Local Union No 3 Scholarship Foundation ($607k), Community of Hope Ministries ($607k) and Ladue Education Foundation ($607k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $211k (32% of expenses). Other salaries and wages came to $250k. At year end it held assets of $41k against liabilities of $35k, net assets of $6,393. It reported 21 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.