Innovative Preschool Incorporated

Analysis

Innovative Preschool Incorporated is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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 2024, Innovative Preschool Incorporated reported income of $290k and spending of $326k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $346k to $290k (-16%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Innovative Preschool Incorporated sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include South Florida Progress Foundation Inc ($290k), Paralyzed Veterans of America ($290k) and Honor Flight of Southern Indiana Inc ($290k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $230k. At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.