Cole Academy Preschool

Analysis

Cole Academy Preschool is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 2017, 9 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, Cole Academy Preschool reported income of $124k and spending of $120k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $124k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cole Academy Preschool sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Texas Association of Supervisors of Mathematics ($124k), Ohel Rivkah Foundation ($124k) and Peters Township Music Boosters Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $144k against liabilities of $25k, net assets of $120k.