Community Preschool of the Palisades Inc

Analysis

Community Preschool of the Palisades Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2016, 10 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 June 2023, Community Preschool of the Palisades Inc reported income of $966k and spending of $688k, leaving 29% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $476k to $966k (+103%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Preschool of the Palisades Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include Knoxville Montessori School ($965k), Palmer Public Library Association ($966k) and Pella Christian High School Endowment Foundation Fund ($965k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Other salaries and wages came to $384k. At year end it held assets of $787k against liabilities of $196k, net assets of $590k. It reported 15 employees.