Grace Lutheran Preschool & Kindergarten

Analysis

Grace Lutheran Preschool & Kindergarten is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Grace Lutheran Preschool & Kindergarten reported income of $513k and spending of $515k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $387k to $513k (+33%), an average of +7.3% a year. The sharpest change came in the year to August 2021, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Lutheran Preschool & Kindergarten sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Jardin de LA Infancia ($513k), Fargo Public Schools Development Foundation ($513k) and Wishforward Educational Foundation Inc ($513k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (9.8% of expenses). Other salaries and wages came to $199k. At year end it held assets of $5,422 against liabilities of $0, net assets of $5,422. It reported 9 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.