Spring Knolls Cooperative Nursery School

Analysis

Spring Knolls Cooperative Nursery School is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 1965, 61 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, Spring Knolls Cooperative Nursery School reported income of $226k and spending of $300k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $13k to $226k (+1585%), an average of +103% a year. The sharpest change came in the year to June 2020, when income rose by 2195%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Knolls Cooperative Nursery School sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include City Youth Matrix Corp ($226k), Edu Care Foundation Inc ($226k) and Issachar Learning Center ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $47k (16% of expenses). Other salaries and wages came to $132k. At year end it held assets of $180k against liabilities of $24k, net assets of $156k. It reported 10 employees.