Parents of Preschoolers Inc

Analysis

Parents of Preschoolers Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in June 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Parents of Preschoolers Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.2m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to August 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parents of Preschoolers Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Florence Crittenton Services of Arizona Inc ($2.2m), Booker T Washington Child Development Center Inc ($2.2m) and Clay Comprehensive Health Services Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $182k (8.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $468k against liabilities of $135k, net assets of $333k. It reported 42 employees.