Ready Set Prep Early Learning Center Inc

Analysis

Ready Set Prep Early Learning Center Inc is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in November 2014, 12 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 December 2023, Ready Set Prep Early Learning Center Inc reported income of $210k and spending of $210k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $210k (+7.8%), an average of +7.8% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ready Set Prep Early Learning Center Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Friends of Larche Inc ($210k), Thrift Shop at Fort Rucker ($210k) and United Interfaith Action of Southern Massachusetts ($210k).

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 $33k (16% of expenses). Other salaries and wages came to $88k. At year end it held assets of $146k against liabilities of $301k, net assets of -$155k.