Gingerbread Play School

Analysis

Gingerbread Play School is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in April 1952, 74 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 August 2024, Gingerbread Play School reported income of $506k and spending of $520k, spending 103% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $420k to $506k (+20%), an average of +3.8% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gingerbread Play School sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Law Focused Education Inc ($506k), Medicine Bow Rural Health Care District ($506k) and Laurentian Hall Associates Inc ($506k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $55k (11% of expenses). Other salaries and wages came to $318k. At year end it held assets of $372k against liabilities of $0, net assets of $372k. It reported 16 employees.