Second Presbyterian Church Preschool Inc

Analysis

Second Presbyterian Church Preschool Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Second Presbyterian Church Preschool Inc reported income of $2.3m and spending of $2.6m, spending 113% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.4m to $2.3m (+62%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 77%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second Presbyterian Church Preschool Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within AR. Charities of a similar size with the same main cause include Wisconsin Center for Education Products and Services Wceps Inc ($2.3m), I Am Able Center for Family Development ($2.3m) and Miracle Farm Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $53k (2.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $763k against liabilities of $63k, net assets of $700k. It reported 93 employees.