LS & S Preschool

Analysis

LS & S Preschool is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, LS & S Preschool reported income of $344k and spending of $356k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $299k to $344k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LS & S Preschool sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Northwest Neighbors Village ($344k), The Association of Salvadorans of Los Angeles ($344k) and Ministry Against the Death Penalty ($344k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $93k (26% of expenses). Other salaries and wages came to $190k. At year end it held assets of $382k against liabilities of $0, net assets of $382k. It reported 26 employees.