Magothy Co-Operative Preschool and Kindergarten

Analysis

Magothy Co-Operative Preschool and Kindergarten is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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 2024, Magothy Co-Operative Preschool and Kindergarten reported income of $229k and spending of $192k, spending 84% of its income. Across the 4 years on record, from December 2019 to June 2024, income grew from $202k to $229k (+13%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magothy Co-Operative Preschool and Kindergarten sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include The German Society of the City of New York ($229k), Financial Therapy Association ($229k) and Texas Police Association ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 79% of the total. Other salaries and wages came to $129k. At year end it held assets of $268k against liabilities of $28k, net assets of $240k. It reported 9 employees.