Mary Immaculate Preschool

Analysis

Mary Immaculate Preschool is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. 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 July 2023, Mary Immaculate Preschool reported income of $905k and spending of $946k, spending 105% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $855k to $905k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to July 2022, when income rose by 85%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Immaculate Preschool sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Soccer Education Foundation Inc ($905k), Denver Figure Skating Club ($905k) and National Assn of State Directors Teacher Education & Certification ($905k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $533k. At year end it held assets of $215k against liabilities of $0, net assets of $215k. It reported 13 employees.