Growing Together Preschool Inc

Analysis

Growing Together Preschool Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Growing Together Preschool Inc reported income of $2.2m and spending of $1.8m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Growing Together Preschool Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Lambda Chi Alpha Educational Foundation Inc ($2.2m), Sunny Wolf Charter School ($2.2m) and College Foundation at Delhi Inc ($2.2m).

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. Compensation of current officers, directors and key employees was $76k (4.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $161k, net assets of $1.3m. It reported 64 employees.