Totsland Preschool

Analysis

Totsland Preschool is a registered charity in United States, based in Belhaven, NC. It received its IRS tax-exemption ruling in January 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Totsland Preschool reported income of $441k and spending of $553k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $441k (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Totsland Preschool sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Strategies to Elevate People Richmond ($441k), Congregation at Duke University Chapel Inc ($442k) and Inn Dwelling ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $221k. At year end it held assets of $505k against liabilities of $199k, net assets of $307k. It reported 15 employees.