Chapel Hill Cooperative Preschool

Analysis

Chapel Hill Cooperative Preschool is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in June 1962, 64 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 August 2023, Chapel Hill Cooperative Preschool reported income of $2.1m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.1m (+52%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 84%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chapel Hill Cooperative Preschool sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include University of Memphis Researchfoundation ($2.1m), Academia de Les Lletres I Belles Arts ($2.1m) and Wisconsin Technical College System Foundation Inc ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $83k (3.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.8m against liabilities of $2.6m, net assets of $1.3m. It reported 38 employees.