Canaan Baptist Kindergarten No 2

Analysis

Canaan Baptist Kindergarten No 2 is a registered charity in United States, based in Bessemer, AL. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Canaan Baptist Kindergarten No 2 reported income of $595k and spending of $591k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $409k to $595k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canaan Baptist Kindergarten No 2 sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include College of Athens Inc ($595k), Holy Youth Christian Academy a North Carolina Non-Profit Corporat ($595k) and Institute for the Study of Western Civilization ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $404k. At year end it held assets of $135k against liabilities of $0, net assets of $135k. It reported 16 employees.