Haymount United Methodist Church Preschool Inc

Analysis

Haymount United Methodist Church Preschool Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Haymount United Methodist Church Preschool Inc reported income of $394k and spending of $356k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $394k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Haymount United Methodist Church Preschool Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Network for Public Education Fund Inc ($394k), Maker Works Community Workshops ($394k) and University South Foundation Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $13k (3.7% of expenses). Other salaries and wages came to $290k. At year end it held assets of $85k against liabilities of $5,600, net assets of $79k. It reported 42 employees.