Family Preschool

Analysis

Family Preschool is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 1972, 54 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, Family Preschool reported income of $283k and spending of $246k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $283k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Preschool sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Plano Senior High School Band Boosters ($282k), Kappa Kappa Kappa Inc ($283k) and Steel City All Stars Fundraising Club ($282k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $20k (8.1% of expenses). Other salaries and wages came to $140k. At year end it held assets of $259k against liabilities of $0, net assets of $259k. It reported 11 employees.