Ocala First Preschool Inc

Analysis

Ocala First Preschool Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ocala First Preschool Inc reported income of $689k and spending of $704k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $697k to $689k (-1.1%), an average of -0.6% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocala First Preschool Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Union County Library System ($689k), Itee Global ($689k) and Maryland Center for Construction Education & Innovation Inc ($689k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $578k. At year end it held assets of $302k against liabilities of $0, net assets of $302k. It reported 30 employees.